We would like to inform you that if your UAE based Company is registered for VAT and any circumstances occur that will impact your Tax records kept by the FTA, as provided during your registration, you must inform the FTA by updating your records within 20 business days from the occurrence of such circumstances.
These circumstances encompass, but are not limited to, updating:
- Trade license copy
- MOA Copy
- Change in License activities
- Trade license expiry date
- Change in Ownership
- Change in Shareholding
- Change in contact details
- Change or Addition in branch
- Updating Custom Registration
- Banking details and etc.
If a Company failed to inform FTA of any situation that may require amending the information related to its tax record, a penalty of AED 5,000/- for first time & AED 10,000/- in case of repetition will be applied.
Should you require further guidance or have any inquiries regarding this matter, please do not hesitate to reach out.
You have a question? Get In Touch
Tel: +971 509616354 or +971 58 559 3508
E-mail: info@altuscitadelservices.com
