FTA calls on businesses to file Excise Tax returns before November 15


Tax returns

 

The Federal Tax Authority, FTA, has called upon businesses registered for Excise Tax to file their October returns before the deadline on November 15th, 2017, in order to avoid the penalties stipulated in Cabinet Decision No. (40) of 2017 on Administrative Penalties for Violations of the Tax Laws in the UAE.

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UAE Central Bank warns against Bitcoin


bitcoin

 

The UAE Central Bank has warned against Bitcoin, terming it as unofficial and lacking sufficient supervision.

 

The warning was made by Mubarak Rashed Al Mansouri, Governor of the UAE Central Bank, on the sidelines of the Islamic Financial Services Board Summit which started in Abu Dhabi today.

 

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