FTA makes amendments to the first tax period

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The Federal Tax Authority, FTA, has made some exceptional amendments to the first tax period for those subject to value-added tax, VAT, to be more flexible with the business sectors included in the tax.

The tax period for some businesses will, therefore, be four months, and five months for other businesses while businesses with a three-month tax period ending in March will not be affected by the amendments, he further added.

You can view the first tax period for your organization by logging into your account on the e-services portal on the FTA’s website.

As per the regulations, the tax declaration must be submitted to the authority no later than on the 28th day after the end of the relevant tax period.