The Federal Tax Authority will open online registration for tax purposes for businesses in mid-September 2017, head of Federal Tax Authority said on Tuesday.

Speaking at a press conference in Abu Dhabi on Tuesday 15th August, Khalid Ali Al Bustani, Director General of FTA said “The Excise Tax and VAT laws are expected to be issued during the third quarter of this year and the regulations concerning both laws in addition to federal tax procedures are expected to be issued during the fourth quarter of 2017.”

About 350,000 companies in the UAE will be covered under VAT starting from January 1. Excise tax will be implemented in the fourth quarter of this year.

“The Excise Tax and VAT laws are expected to be issued during the third quarter of this year and the regulations concerning both laws in addition to federal tax procedures are expected to be issued during the fourth quarter of 2017,” said Khalid Ali Al Bustani, Director General of FTA at a press conference in Abu Dhabi.