- Businesses in the UAE must update their VAT portal details by March 31, 2025.
- Failure to update details could result in fines and penalties.
- Updates include changes in business name, address, managers, partners, branches, and MOA.
- Expired documents must be renewed and updated.
- The FTA will impose a penalty of AED 5,000 for the first offense and AED 10,000 for repeated offenses.
Source: claemirates.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United Arab Emirates"
- UAE Unveils Gradual Implementation Plan for National E-Invoicing System
- Australia-UAE Free Trade Agreement Comes Into Effect
- Ministry of Finance Proposes Legislative Changes to Implement Updated Sugar-Sweetened Beverage Excise Tax Policy
- FTA Clarifies VAT Treatment of Transactions Involving Sports Players
- UAE Introduces New Electronic Invoicing System with Ministerial Decision No. 243 of 2025
