Federal Tax Authority Announces Grace Period for Tax Registration Updates Until March 2025
The United Arab Emirates’ Federal Tax Authority (FTA) has introduced a grace period for businesses to update their tax registration information without incurring penalties. This initiative, effective from January 1, 2024, to March 31, 2025, aims to support businesses in meeting their tax obligations efficiently.
Key Highlights:
Action Required:
Registered taxpayers are encouraged to review and update their tax records promptly to ensure compliance and avoid future penalties. The FTA emphasizes the importance of maintaining accurate information to facilitate smooth tax administration.
Additional Resources:
For detailed guidance, refer to the FTA’s public clarification on the grace period, available on their official website.
This initiative reflects the UAE’s commitment to fostering a transparent and business-friendly tax environment, encouraging voluntary compliance, and supporting economic growth.
