The UAE Federal Tax Authority (FTA) has reminded tax registrants to update their tax records by March 31, 2025, to benefit from a grace period during which administrative penalties for late updates are waived.
The grace period, effective from January 1, 2024, to March 31, 2025, allows businesses to amend their tax records without incurring penalties.
Registrants are required to notify the FTA within 20 business days of any changes to their data, including business name, address, email, trade license activities, legal entity type, partnership agreements, articles of association, nature of business, and any address from which the business is conducted.
The FTA emphasized that failure to update records within the specified period may result in administrative penalties.
To assist registrants, the FTA has issued a public clarification on the grace period, accessible through the Public Clarifications service on the FTA’s official website.
The FTA encourages all registrants to comply with tax procedures and legislation to avoid administrative penalties and contribute to the growth of the national economy.
