The Emaratax is the new platform launched by the FTA for taxpayers to smoothly manage their tax obligations, such as registering for corporate tax in UAE, or filing VAT in UAE. Taxpayers make their account on Emaratax, add in their business details, and they are ready to go.
Recently, a new update has been uploaded by the Emaratax. When a taxpayer logs into his/her account, an interface pops up that requires them to update their business activity. The business activity that you have to update is primary (mandatory) and secondary (optional). Read ahead to learn more about the new update.
Our experts at Tax Gian provide you guidance on tax matters such as corporate tax in UAE, VAT in UAE, etc.
Steps to Update Your Business Activity on the Emaratax
You can update your business activity details by going through the following easy steps;
- Log in to your Emaratax account by either using your UAE ID or login credentials (email & password). The new businesses have to sign up and create an account for this purpose.
- Once you are logged in, you will see the home page. From there, you need to select “taxable person list” and click on the “view” button to open your dashboard.
- Registered taxpayers will find the update message pop-up on the dashboard requiring them to provide their business activity (Primary).
- From the tab “select your business activity”, you can search and find the activity that best suits your business. Make sure that you choose the closest match.
- If you want to add only primary business activity, it’s fine. However, you can also add secondary business activities. For that, you just have to keep searching and selecting the close matches of your secondary business activity.
Example: My primary business activity is “support services to forestry”. I search and find the exact match and select it. The interface now shows me a table that gives me two options for primary business activities: “agriculture, forestry, & fishing” or “construction”. I select the former, click the confirmation button, and submit. My primary business activity has finally been submitted.
For more guidance on corporate tax UAE or VAT in UAE, businesses can consult corporate tax consultants in UAE or VAT consultants in UAE.
Important Things to Remember
- A taxpayer can only log in to his/her account one time without updating the business activity.
- The interface only gives the “remind me later” option one time. The next time you log in, you will not find this option again.
- Access to the taxable person profile will not be allowed until the business activity is updated.
- Adding secondary activities is not mandatory, it is optional for taxpayers.
- The new list of business activities provided by the FTA is much wider and detailed. That means you can easily find the best match for your business activity. Previously, businesses used to end up selecting incorrect business activities due to the lack of options in the list.
- Make sure that you update your Emaratax account in UAE as soon as possible in order to avoid any unforeseen circumstances or any disturbance in accessing the online services of the FTA.
- Make sure you take assistance from expert tax consultants in UAE for more clarity.
How can Tax Gian Help?
Tax Gian has a team of expert tax consultants in UAE that help businesses in the UAE fulfil their tax liabilities seamlessly and always stay out of tax trouble. Businesses often fail to keep track of important updates on tax laws and business regulations. Our professional service providers make sure that our clients always stay up to date and compliant.
