• November 13, 2022
• Post by: Mentors

The Federal Tax Authority (FTA) on Sunday confirmed its intention to launch the EmaraTax platform on December 5 and said migration to the new platform will commence from November 30.

In a statement, the authority said it planned migration to EmaraTax to coincide with the National Day holiday and well in advance of the usual tax return submission and payment dates.

“To minimise disruption to taxpayers, we have a well-defined plan to ensure a trouble-free migration to EmaraTax so subscibers will not face any problem while submitting their tax returns and payments,” according to a FTA official seeking anonymity.

Emaratax is a modern tax administration ecosystem that integrates FTA with other government entities such as the Central Bank of the UAE and national technology-based programmes, including UAE PASS, to simplify the use of common data.

In November, FTA announced the new integrated platform, which also enhance taxpayers’ access to FTA’s services, pay taxes and obtain refunds, simplifies a range of user processes, from logging-in to compiling tax returns.

Ease of doing business
Pankaj S. Jain, managing director of AskPankaj Tax Advisors, said Emaratax is a proof that the tax authorities have been listening to the stakeholders and working on their concerns for over two years.
Highlighting some of the salient features of new online platform, he said he new platform will have 100+ features which will be rolled out progressively over the coming few months.
“The online platform shows compliance status of taxpayers and list down all the pending VAT returns on a single screen. It also have a ‘correspondence’ section containing the correspondence with the tax authorities,” he said.
“It is a gateway to the future. The ease of doing business has been a hallmark of the UAE and Emaratax will be the gateway to the future of taxation in the country, he said.