Our dedicated team of experts is here to assist your business in making necessary changes to your VAT registration with ease and accuracy.
VAT Registration Amendment Services in the UAE
In the UAE, VAT regulations apply to all individuals conducting economic activities. They must register for VAT with the Federal Tax Authority (FTA) within a specified time frame, obtaining a UAE Tax Registration Number (TRN). Registration is mandatory if their taxable supplies exceed the prescribed threshold. After FTA approval, any changes in the registration details must be promptly reported and modified within 20 business days to avoid penalties.
Stay Compliant
Updating Your VAT Registration: Key Scenarios
There are several scenarios that may necessitate an amendment to your VAT registration details in the UAE:
Change in Business Particulars: If there are changes in your business details such as a change in trade name, address, contact information, banking details, customs details or business relationship.
Change in Business Activities: If your business undergoes a substantial change in its activities or begins supplying different goods or services that affect its VAT liability, you must amend your registration to reflect these changes.
Consequences of failure to amend VAT registration details
In the event of a change in the business details submitted during the VAT registration process, it is the responsibility of the taxpayer to notify the changes to the FTA and amend the registration records within 20 business days of the situation occurring. Failure to do so may result in penalties, with the first instance incurring a penalty of AED 5,000 and subsequent violations leading to a penalty of AED 10,000.
GetMyAdvisor.com platform connects businesses seeking finance, legal and business services with advisors in the UAE.