Explore the benefits of the EmaraTax platform, a revolutionary digital solution for VAT and corporate tax services. Partner with BMS Auditing for expert assistance and seamless compliance.
The United Arab Emirates government launched the Emaratax Platform via the Federal Tax Authority in 2023. This digital transformation is the one-stop solution for all businesses and individuals to streamline the tax process by delivering seamless registration and filing.
With the help of the digital transformation initiative by the Federal Tax Authority, taxpayers can easily register for VAT, and corporate tax electronically, ensure payment security, and get all tax information in one centralized platform.
Let us discuss the details of the Emaratax platform, its benefits, characteristics, functions, and compliance.
An Overview of Emaratax
The goal of the digital platform is to provide a user-friendly and centralized hub for all tax management services in simplified procedures. Through this digital system, users can access tax services such as registering and filing digital taxes, returns, payments, and refunds online. EmaraTax provides tax services around the clock from anywhere. This new step serves as a platform for advancing the national tax system.
The Emaratax platform is integrated with the UAE Central Bank of UAE and the national digital identity system (UAE PASS) for a smooth user experience.
Key Characteristics of the Emarat Platform
- Enhanced compliance: Emaratax streamlines tax services, and interaction with stakeholders, ensuring good user experience and seamless compliance.
- Easy VAT return submission: With this new integrated platform, clients can upload Excel files of VAT returns directly to the platform.
- Full access to tracking activities: The EmaraTax platform provides a single hub for tracking the current status of applications and communication with the FTA.
- Easy deregistration: Upon filing of VAT return, deregistration will be automatically processed, when there is no outstanding payment.
- High Security: There is a two-factor verification to log in while taxpayers have to log in with an email address and Emirates ID linked with UAE PASS.
- TRN reactivation: One can easily reactivate their company’s TRN in the platform if its taxable supplies are below the required threshold when deregistered.
- Alerts: This digital platform provides real-time alerts and notifications to users.
- Managing certificates: This platform can view, download tax certificates, and track application status
- User support: Provide user guidance to support taxpayers in every way.
- Virtual support: It supports an AI-powered chatbot for quick assistance.
Benefits of the EmaraTax Platform
The key benefits of the EmaraTax Platform are as follows:-
- 24/7 Accessibility: Taxpayers can conveniently access available services anywhere and at any time.
- Simplified user experience: This platform is a user-friendly system, enabling simple solving of tax-related issues by reducing the workload.
- Faster processing: Prompt processing of refunds and payments ensuring speedy transactions hence reducing workloads.
- Compliance: EmaraTax provides resources to ensure businesses stay compliant with FTA.
- Improved Communication: This platform provides a detailed view of the interaction between taxpayers and FTA.
- Provides security: The Emaratax portal helps to keep taxpayers' data secure and maintain confidentiality.
- Increased efficiency: It is a streamlined process and facilitating the online service helps taxpayers to save money and effort.
Emaratax: Streamlining Tax with 35 Digital Services
The UAE’s Emara Tax Platform delivers 35 digital services to users by simplifying smart tax solutions. This platform has 15 digital services featuring corporate tax compliance to aid users in easily handling all tax procedures.
EmaraTax: A Tool for Eliminating Bureaucracy
The new digital transformation, courtesy of the Emaratax platform, aligns with the UAE Government's Goal of Eliminating bureaucracy and ensuring seamless compliance procedures across the UAE.
Partner with BMS Auditing
BMS Auditing is a certified tax agent in UAE, providing professional assistance regarding the Emara tax portal.
Looking for seamless tax compliance and not sure where to start? Call us today, we’ve got your back!
