UAE FTA Decision Enhances Tax Clarifications and Directives for Improved Compliance and Transparency

• UAE FTA issued Decision No. 4 of 2024 amending policy on issuing clarifications and directives
• Decision aims to improve processes and standards for tax-related clarifications
• FTA’s authority to issue clarifications based on UAE legislative documents
• Process for requesting private clarification specified, including submission of formal request and necessary documentation
• Criteria for acceptance of clarification requests outlined, including denial reasons
• FTA must consult with MoF when tax legislation is unclear
• FTA issues public clarifications, guides, and e-learning programs for general guidance on tax matters
• Advance pricing agreements related to transactions under UAE CIT Law allow taxpayers to seek agreement with FTA
• Clear procedures established for issuing clarifications and responding to information requests
• Policy update aims to enhance clarity, consistency, and responsiveness of tax guidance for taxpayers in UAE.

Source: Aurifer

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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