🚨 Have You Updated Your FTA Records Recently?
Your UAE trade license may already be renewed… but have you informed the Federal Tax Authority?
Many businesses believe that updating the licensing authority is enough. It isn’t.
With Cabinet Decision No. 129 of 2025 now being implemented in practice, taxable persons are required to notify the Federal Tax Authority within 20 business days whenever there is a change in their registered information.
Some common changes requiring an update include:
✅ Trade License renewal
✅ Change in business activities
✅ Change in shareholders, managers, or directors
✅ Change in business address
✅ Any other information previously provided to the FTA
Failure to update within the prescribed timeline may result in administrative penalties:
⚠️ AED 1,000 – First violation
⚠️ AED 5,000 – Repeated violation within 24 months
📌 One Practical Change Businesses Should Notice
The EmaraTax portal has also become more detailed.
When submitting amendments, the portal now requires taxpayers to provide the Effective Date of Change, enabling the FTA to determine exactly when the change occurred and whether the notification was made within the required 20-business-day period.
This means businesses should not only update their records—but also maintain proper documentation supporting the actual date on which the change became effective.
💡 Practical Tip
Don’t wait until your next VAT or Corporate Tax filing.
Develop an internal compliance process so that every corporate change—whether it’s a license renewal, shareholder update, management change, or address amendment—is reviewed for its FTA reporting implications immediately.
A small compliance step today can help avoid unnecessary penalties tomorrow.
Is your business updating the FTA on time, or only updating the licensing authority?
hashtag#UAEhashtag#UAETaxhashtag#FTAhashtag#EmaraTaxhashtag#VAThashtag#CorporateTaxhashtag#TaxCompliancehashtag#BusinessCompliancehashtag#TradeLicensehashtag#Governancehashtag#TheFirstCheckConsultantshashtag#DubaiBusinesshashtag#UAEBusinessDhiraj Sankhi CA, CIPA, CSCA Suraj SubediHeena ChughSarika SankhiThe First Check Consultants
