This is a essential reminder regarding the recent announcement made by the Federal Tax Authority (FTA) about the grace period granted for tax registrants who have not yet updated their tax records in the EmaraTax (FTA Portal).
The grace period applies to updates required for the period from January 1, 2024, until the deadline on March 31, 2025.
This initiative allows businesses to make necessary updates without incurring administrative penalties for failing to notify the FTA of changes that require record modifications.
Under this decision, if penalties were previously imposed for failing to update tax records on time—and those penalties were already paid during the period from January 1, 2024, until the grace period deadline—businesses may be eligible for a refund. Refunds will be processed in accordance with the Penalty Refund Procedures outlined in Cabinet Decision No. (105) of 2021.
The FTA encourages all registrants to ensure their tax records are up to date. As per Cabinet Decision No. (74) of 2023, registered taxpayers must notify the FTA within 20 working days of any changes to their registered information, including:
✔ Business name and address
✔ Email address
✔ Commercial license details
✔ Legal structure and partnership agreements
✔ Business activities and operational locations
To avoid any compliance issues, we strongly advise reviewing your tax records and making any necessary updates within the grace period.
Key Takeaways:
✔ Deadline: March 31, 2025
✔ Who Needs to Act: All tax registrants with pending updates in EmaraTax
✔ Why It’s Important: Avoid penalties and remain compliant with tax regulations
Take advantage of this grace period while it lasts. Update your records now!
If you require any assistance or support from our side, please feel free to reach out to us and we will be happy to assist.