14/01/2025
*Federal Tax Authority offers grace period for updating their tax registration information for the period ending in March 2025*
The Federal Tax Authority (FTA) announced that a new Decision has been issued to support businesses in efficiently meeting their tax obligations, offering a grace period for tax registrants who have fallen behind on updating their tax records for the period from 1 January 2024 until 31 March 2025.The initiative allows violators to make the necessary adjustments and avoid incurring the administrative penalties associated with failure to inform the FTA of any cases that require modifying their tax records.
As per Cabinet Decision No. (74) of 2023 on the Executive Regulation of Federal Decree-Law No. (28) of 2022 on Tax Procedures, registered taxpayers must notify the FTA, using the FTA’s approved form and process, *within 20 working* days of any change in the information registered in the FTA systems. *This includes the name, address, email, activity listed in the commercial license, legal form, partnership agreement for joint ventures, and articles of association* , along with any changes in the nature of the registrant’s business or address from which they conduct any of their business activities.
