In January 2018 VAT was implemented in UAE, therefore, it became mandatory for every company to ensure that their financial records are up-to-date and in line with FTA in UAE . All the businesses and companies in Dubai are obliged to get registered for VAT at the FTA portal. To fulfil requirements of FTA in UAE all the accountants in Dubai are expected to make sure that their clients are obeying FTA requirements. Profits Plus Accountants can help you in maintaining your business records according to the requirements of FTA in UAE. Because any company that fails to fulfil FTA requirements will be fined AED 10,000 and AED 50,000 on the second time. The first move towards establishing Tax Administration System was the formation of FTA in UAE. Federal Tax Authority was formed under the aegis of federal decree-Law No (13) of 2016. Goals, operations and rights of FTA in UAE were defined according to federal law No (7) of 2017 on TAX Procedures (TPL). TPL also clarified the r...