taxable person

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taxable person

is one who is, or who ought to be, registered for VALUE ADDED TAX as a result of the level of their TAXABLE TURNOVER.
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The diploma indicates that the State, public institutes and municipalities, public social security institutions, political parties, trade unions, public associations and legally constituted religious institutions are still taxable persons.
The system relies on three methods, first of which is reviewing the timeliness and accuracy of the Taxable Persons' returns if they have appointed a tax agent.
FTA Director General His Excellency Khalid Ali Al Bustani underlined the important role that Tax Agents play in strengthening the relationship between the Authority and Taxable Persons, improving compliance rates, raising awareness around the principles of the tax system and its executive and control regulations, and introducing the services and facilities the FTA offers to help taxpayers comply with regulations.
Epkeha Peter on or about the 24th day of January 2019 at the Federal Housing Estate, Lugbe, Abuja, within the Jurisdiction of this Honourable Court, being taxable persons conspired amongst yourselves to obstruct and assault authorised officers of the Federal Inland Revenue Service (FIRS) in the course of the performance of their official functions; of pasting Value Added Tax (VAT) Non-Compliance Notice on business premises of persons and individuals adjudged by the Service to be Non Tax Compliant; and you thereby committed an offence contrary to Section 49(1) and (2) of the Federal Inland Revenue Service (Establishment) Act, No: 13, 2007.
He emphasised on gearing up the initiatives to bring all taxable persons under tax net for increasing the country's revenue collection.
The FTA asserted that the UAE Tax System is based entirely on voluntary compliance by taxable persons, whether it being with regards to registration, filing tax returns and payment of due tax or de-registration, noting that these services are available free of charge.
It said that the de-registration procedures can be completed within a few minutes via the FTA e-Services portal, available 24/7 on the Authority's website, which was designed in accordance with international best practices to facilitate compliance with the tax obligations of taxable persons with the easiest and fastest technological means in order to provide guidance and raise tax awareness among all segments of the community.
These zones could be assigned sector-specific cases of taxable persons.
Dela Heloo, Assistant Commissioner of GRA, at a media briefing in Kumasi, explained that EPOS is a means by which the GRA is to widen the tax net by capturing sale transactions by all taxable persons.
A taxable person will not be allowed to apply the profit margin scheme in cases where they had issued a tax invoice or any other document mentioning an amount of VAT chargeable in respect of the supply, the FTA explained, noting that taxable persons are required to keep inventory and similar documents that clarify the situation of every item bought or sold, as well as purchase invoices that outline the details of items bought under the profit margin scheme.
Summary: UAE's Federal Tax Authority (FTA) has developed its e-services to include new features allowing taxable persons to link their accounts with an accredited tax agency.
This means that an advance ruling is not applicable to similarly placed other taxable persons in the state.