Banking & Finance
Positive Results for First Year of Excise Tax Implementation in UAE

Federal Tax Authority Announces Positive Results for First Year of Excise Tax Implementation
H.E. Khalid Ali Al Bustani: Compliance with Tax Returns requirements for Excise Tax one year after its introduction in the UAE has amounted to 97.7% of all 715 registered businesses.
The Federal Tax Authority (FTA) has revealed that compliance with Tax Returns requirements for Excise Tax one year after its introduction in the UAE has amounted to 97.7% of registered businesses – one of the highest rates in the world – while the total number of registrants reached 715 registrants.
His Excellency Khalid Ali Al Bustani, Director General of the FTA, said: “All indexes confirm that the implementation of Excise Tax in the UAE has been remarkably successful at all levels, thanks to the Authority’s state-of-the-art electronic systems, characterised by their simplicity and ease of use, as well as to the tremendous cooperation and compliance on the part of businesses in the UAE.”
“These positive outcomes clearly indicate that we have begun achieving the main objectives of introducing Excise Tax, most notable of which is building a safe and healthy society by reducing the consumption of goods that harm the health of community members and affect the quality of the environment. The tax system has also helped increase financial resources to support the expansion of government services provided to the public,” H.E. added.
-
News2 months ago
OpenAI Strengthens ChatGPT’s Mental Health Safeguards Ahead of GPT-5 Launch
-
OER Magazines3 weeks ago
Dossier – ToP 25 Personalities 2025
-
Banking & Finance2 months ago
Strong Performance and Strategic Approach: ahlibank announces Its Financial Results for the First Half of 2025
-
Economy2 months ago
Najla Zuhair Al Jamali Appointed President of bp Oman
-
News1 month ago
Ooredoo Wins Silver Stevie® Award for Diversity and Inclusion Excellence
-
Dossier3 weeks ago
Arabic Dossier – ToP 25 Personalities 2025
-
News1 month ago
xAI Open-Sources Grok 2.5, Signaling Accelerated AI Push
-
Leaders Speak2 months ago
VIDEO: Robert MacLean on how NHI is Shaping Oman’s Next Generation of Hospitality Leaders
You must be logged in to post a comment Login