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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

UAE to launch new integrated ‘EmaraTax’ platform later this year

The new platform is a modern tax administration ecosystem that integrates with other influential government entities such as the UAE Central Bank.
  • EmaraTax will significantly enhance the way that taxpayers can access the FTA’s services, pay their taxes and obtain refund.
  • The new platform also greatly enhances the ability of the FTA to administer taxes in the UAE.

Dubai, UAE—The UAE Federal Tax Authority (FTA) has announced that the new “EmaraTax” integrated platform will be launched later this year following an extensive period of assessment, consultation and development.

EmaraTax will significantly enhance the way that taxpayers can access the FTA’s services, pay their taxes and obtain refunds, an official statement said. The new platform also greatly enhances the ability of the FTA to administer taxes in the UAE, enables better, faster decision-making and earlier engagement with taxpayers that need support.

Individual taxpayers, tax agents, legal representatives, foreign missions and diplomats, customs bodies and verification agencies will all benefit from the range of new developments that EmaraTax brings to life.

The new platform is a modern tax administration ecosystem that integrates with other influential government entities such as the UAE Central Bank and national technology-based programs including UAE PASS to simplify to make the best use of common data and in so doing simplify a range of user processes, from logging-in to compiling tax returns. In addition, EmaraTax is mobile-ready, and the App will be launched shortly after the new platform goes live in November 2022.