FTA, SEDD organize the Second Tax Workshop for Industrial Sector Investors

Federal Tax Authority “FTA” and Sharjah Economic Development Department “SEDD” organized the second tax virtual workshop for investors in the industrial sector. This workshop dealt with the legislation and tax procedures applied in the country, with the aim of overcoming the obstacles that investors may face thus to provide support to companies and factories operating in the emirate. Also, it highlighted procedures related to value added tax as well as FTA’s role in collecting and implementing federal taxes, based on the best standards to encourage and support taxpayers to tax compliance.

During the workshop, number of topics were discussed including the ongoing procedures undertaken by the Authority to simplify the tax procedures related to registration and submission of declarations, payment of due taxes and refunds. In addition, the way to complete the procedures were discussed which can be done through various channels such as the e-dirham system and by using the number "GIBAN" through the UAE system of money transfers "UAEFTS".