The Federal Tax Authority (FTA) has organised two training workshops for inspectors of the economic departments in Abu Dhabi and Dubai to raise awareness on VAT procedures for business sectors.
The two workshops aimed to educate inspectors on the criteria that should be taken into consideration when inspecting businesses to ensure all businesses comply with tax procedures.
The workshops introduced participants to basic tax principles and VAT treatment for different sectors. Attendees explored VAT procedures, requirements of tax invoices and how to verify them, FAQs and common mistakes related to tax invoices.
“Raising awareness among related government entities is a key objective of the Authority. Furthermore, spreading awareness helps to detect violations and protect society from unjustified price increases as VAT goes into effect,” said Khalid Al Bustani, director-general, FTA.
The FTA had recently held a meeting with the Ministry of Economy and representatives of economic development departments to work towards preventing price increases. The meeting concluded with the adoption of an integrated programme that will allow the FTA and the Ministry to cooperate with other authorities to detect tax violations and take the required measures against violators.
The FTA has appealed to citizens and residents not to believe false information regarding the implementation of VAT, which are being circulated by non-official bodies and accounts.