In the UAE Businesses in the UAE must keep up-to-date tax records to remain conform to tax authorities such as the Federal Tax Authority (FTA). The process of changing or updating your tax information is essential, because there are changes that involve changes to the commercial enterprise’s call or possession, address or other actions. This service lets companies modify their VAT, Excise and corporate tax records seamlessly through the FTA’s virtual platforms. Let’s look at how companies can make use of this Tax Records Amendment service and what steps to take, as well as the most frequently asked questions when using the service.
Service Overview
Tax Records Amendment service Tax Records Amendment service permits companies that are registered for VAT, excise as well as corporate taxes, to update and update their information by submitting it to their tax authorities, the Federal Tax Authority (FTA). This can be done through either the EmaraTax system or through the FTA mobile application, imparting corporations a green and a virtual method to keep their tax information up to date.
Channels and Working Hours
- EmaraTax Platform: Available 24 hours a day, 7 days a week at your time of.
- FTA Mobile App: Accessible anytime while you make changes on the go.
Service Fees
This Tax Records Amendment service is provided for free, making it a accessible device for taxpayers of all kinds.
Estimated Time for Application
- Submit Time: It is expected to require about 45 minutes to complete and publish the application.
- FTA The processing time is When the FTA receives your completed application typically, it takes 20 working weeks to process your request.
Required Documents for Tax Records Amendment
The kind of modification, the needed files will differ. Here is a list of the required files for the most common changes:
Change in Business Name or Trading Name
- A valid business or trade license.
- Additional evidence that is documents like the Article of Association or any other felony document confirming the change in call.
- Changes in Business Ownership
- A valid commercial or trade business license.
- The proof of possession changes that includes a current Article of Association.
- Change in Business Address
Lease settlements or Purchase Settlements for the brand new site.
- Update to Primary Business Activity
A valid trade license that reflects the most current commercial business operation.
Other Changes
- Any other relevant documentation supporting the specific modification.
Accepted document codecs include pdf, JPG, Word, Excel, PNG, and JPEG with the maximum size in the range of five megabytes.
Procedures for Submitting an Amendment
The procedure for making a change through EmaraTax is simple. EmaraTax platform is simple:
- Access your EmaraTax Account: Log into your account and gain access to the dashboard.
- Pick the Tax Profile: Click”View” “View” to access the Tax-paying Person account.
- Select your Tax Type: Under GST, Exise or Corporate Tax Choose between “Amendment” (if approval is desired) (if approval is desired) or “Edit” (if there is no approval needed).
- Complete the form: Provide the essential details and submit your request.
Common Amendments
Some amendments do not require FTA approval, including:
- Business sporting activities of an candidate.
- GCC activities.
- Registration information for Customs.
However, any changes to information about applicants, bank details, business relationships and other information may be subject to FTA approval.
Terms and Conditions
To make a change, you must have a valid registration for VAT tax, excise, or corporate tax with the FTA. If you require additional information, the FTA may also require an additional 20 days (about 3 weeks) to review your application in the event that you provide the requested documents.
Conclusion
Making sure that your tax records are up to date is crucial to maintaining conformity with FTA. Tax Records Amendment is a Tax Records Amendment service is an efficient, no-cost and easy way to ensure that the information you provide about your business is correct, regardless of whether you use an EmaraTax platform or via the FTA mobile application. Make sure that you complete your modifications within the time frame required and provide all necessary documents to ensure that there are no delays. Employing a tax consultant for your company in Dubai such as ebs Chartered Accountants in Dubai can assist businesses by facilitating tax document amendments and ensure that you follow FTA’s requirements. Their experienced team of experts can provide advice on filing the correct documents and manage the entire modification process in a timely manner.
