FTA: March 2025 deadline to update tax records without penalties

Sharjah 24 – WAM: The Federal Tax Authority (FTA) has announced that businesses must update their tax records by the end of March 2025 to avoid administrative penalties. The FTA reminded registrants that, under the Cabinet Decision on the Executive Regulations of the Federal Decree-Law on Tax Procedures, they must notify the FTA of any changes to their data within 20 business days. Failure to comply could lead to penalties.

Required updates to tax records

The updates required include changes to business name, address, email, trade license activities, legal entity type, partnership agreements, and other essential details.

Grace period and penalty waiver

To encourage compliance, a grace period from January 1, 2024, to March 31, 2025, has been provided, during which no penalties will be imposed. Penalties that were already applied during this period will be waived and refunded.