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UAE Calls on Businesses to Take Advantage of the UAE Fund Transfer System to Pay Taxes

26 June 2020

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Approved Changes

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Untd A Emirates

The UAE Federal Tax Authority (FTA) issued a release on 23 June to call on businesses registered in the tax system to pay taxes through the UAE Fund Transfer System (UAEFTS) to take advantage of its many benefits, such as transferring funds online from their bank accounts to the FTA, which eliminates the need for cash and helps prevent the spread of the novel Coronavirus (COVID-19). --- Business Registered in the Tax System Called to Benefit from Streamlined Procedure to Pay Taxes via UAE Fund Transfer System (UAEFTS) Using their GIBAN Business Registered in the Tax System Called to Benefit...