VAT Records Amendment:
A Must for UAE Businesses to Stay Compliant
VAT Records Amendment: A Must for UAE Businesses to Stay Compliant
Date of Publication: 15 April 2024
Due to recent updates in the EmaraTax portal, taxpayers are now notified to amend their Taxable Person details to maintain compliance and prevent potential administrative penalties.
EmaraTax System Update
Taxpayers will be notified of information that needs to be updated
Required Action from Taxpayers
Amend the Taxable Person details within 20 business days of occurrence
of change
Possible Penalties in case of failure to amend
- AED 5,000 for the first time
- AED 10,000 in case of repetition
How can Crowe help?
- Review current VAT records to identify any discrepancies or inaccuracies that need amendment.
- Assist in submitting the amendment application to ensure compliance and
avoid possible penalties.
