UAE sees an increase in the number of authorised tax agents

Monday, 15 July 2019 18:33

The number of authorised tax agents in the UAE is on the rise, according to the Federal Tax Authority (FTA).

The government department says the number of tax agents who are officially authorised has more than doubled since last year.

In total there are currently around 370 of them in the Emirates.

The FTA says the growth in numbers provides a wider array of options for individuals and businesses who choose to deal with the authority via an agent.

They say this in turn promotes self-compliance to execute their tax obligations.

More from Business

Oil prices surge to highest since 2022 at over $119 a barrel

Oil prices surged over $119 a barrel, hitting levels not seen since mid-2022, on Monday as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding US-Israeli war with Iran.
HSBC CEO says confidence in GCC remains despite regional developments

HSBC on Monday expressed confidence in the Gulf Cooperation Council (GCC) members' economic prospects as the region and the wider Middle East brace for the economic shock from the U.S.-Israeli conflict with Iran.
Silal, National Agricultural Centre partner to boost UAE food security

Silal, an Abu Dhabi agri-food and technology company, has announced the expansion of its operations in Ras Al Khaimah in collaboration with the National Agricultural Centre.
No decision yet on G7 releasing oil stocks, France's Lescure says

G7 countries have not made a decision yet on the potential release of emergency oil stocks in the wake of the U.S.-Israeli conflict with Iran, France's Finance Minister Roland Lescure said on Monday.