VAT (Value Added Tax) registration is required for all company activity in the United Arab Emirates. If you have a business with VAT registration in Dubai and wish to update your trade license information with the Federal Tax Authority (FTA), follow these steps.
UPDATING TRADE LICENSE INFORMATION WITH THE FEDERAL TAX AUTHORITY (FTA) VAT APPLICATION FORM
On your VAT application form, it’s critical to have up-to-date information. It’s best to update your tax records within 20 business days if the information you previously mentioned on your VAT application form has changed. FTA clearance is not required to update many fields on your form, however adjustments to certain critical sections must be approved by the tax office for VAT in the UAE.
FOR CHANGES THAT DO NOT REQUIRE FTA APPROVAL
You don’t require the FTA’s permission to make changes to areas like ‘Applicant’s business activity, GCC Activities, and Customs Registration Information.’
You must follow the steps outlined below to make changes:
- To register for VAT, go to the FTA’s web portal.
- Find your approved registration application under the Dashboard tab
- To alter any of the details shown below, click ‘Edit.’
- The applicant’s business operations (Changing primary activity or adding a new one)
- Activities of the GCC (providing TRN, GCC member state or Estimated values of Imports and Exports)
- Section for Customs Registration Information (CRN number, emirate name, or fresh file upload).
- Select ‘Submit Changes’ from the drop-down menu. Your profile will be updated automatically as a result of the changes.
FOR CHANGES THAT REQUIRE FTA APPROVAL
You can make modifications to sections like ‘Details of the Applicant,’ ‘Contact details,’ ‘banking details,’ business relationships, ‘About the VAT Application,’ or ‘Declarations’ by selecting the ‘Amendment’ option.
- Go to the registration form you’ve been given permission to use.
- To change the parts indicated above, click the ‘Amendment’ button.
- Once you’ve double-checked the information, click ‘Review & Submit.’
DIRECT AMENDMENTS TO THESE FIELDS ARE PROHIBITED
Here’s a list of fields where you can’t make changes directly:
- Exception from VAT Registration’ in the ‘About the VAT application’ section.
- ‘Notification language change’ in the Declaration section
- About the applicant section
- Communication preferences section
To wrap up
In the UAE, VAT is paid on the consumption of goods across several economic sectors; however, some products and services are excluded from VAT. If you wish to learn more about the various taxing systems ,you can get in touch with the financial consultants in the UAE!