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VAT Amendment

As per the UAE VAT Law, taxpayers are required to maintain up-to-date information about their business on the Federal Tax Authority’s (FTA) EmaraTax portal. Tax Gian, a brand of Jitendra Tax Consultants (JTC), provides reliable VAT records amendment services in the UAE to help businesses comply with tax regulations.

We are registered tax agents in the UAE approved by the FTA. Our VAT consultants in Dubai can make the process of VAT amendment hassle-free. Failure to perform VAT amendment in the UAE within the stipulated time may attract hefty penalties from the FTA. Tax Gian can be your trusted partner to walk you through the entire VAT amendment process in the UAE.

What is the VAT amendment in the UAE?

During the time of VAT registration in the UAE, you are required to submit certain tax records to the FTA. However, if your business undergoes any changes that will impact the tax records kept by the FTA, the authority needs to be informed by updating the records within a stipulated time. This process is called the UAE VAT amendment and we can help you perform it in line with the FTA rules and regulations.

Timeline for Carrying out VAT Amendment in UAE

The VAT amendment should be done within 20 business days of any relevant changes to the records maintained by the FTA. Call our tax advisers in the UAE to update the data kept by the FTA without any delay.

Penalties for not Updating Tax Records with the UAE FTA

If a tax registrant fails to update the tax records with the FTA within the stipulated time frame, the following penalties will apply:

  • AED 5,000 for the first time
  • AED 10,000 in case of repetition

Changes that Need VAT Records Amendment in UAE

Businesses should be aware of the types of changes that warrant VAT records updating in the UAE. Our VAT experts in Dubai can advise you on the relevant circumstances such as:

  • Change in the legal structure of the entity
  • Amendment in the company’s trade name
  • Any changes in the company’s trade license
  • Amendments to the ownership structure of the entity
  • Changes in MOA or AOA
  • Changes in the business activities
  • Addition/removal of branches
  • Amendment in the company’s registered address and contact details
  • Changes in the Emirates ID/Passport of Authorized Signatory
  • Amendments in the Emirates ID/Passport of the Directors, Partners, Owners, etc.
  • Changes in details related to bank account, import, export etc.

How to Amend VAT Records in the UAE?

Businesses need to log in to their EmaraTax account to carry out VAT registration amendments in the UAE. Being one of the registered tax agents in the UAE, we can help you amend your VAT registration with the FTA.

How can Tax Gian help with the VAT amendment?

  • We can help you determine whether the changes require an amendment
  • Our VAT specialists in Dubai can review your VAT records to identify any inconsistencies or inaccuracies that need to be updated
  • We can help you submit the amendment application to the EmaraTax platform on your behalf

Why Hire Tax Gian for VAT Amendment Services in the UAE

  • We are registered tax agents with the UAE FTA
  • We have over two decades of experience
  • Our team is composed of tax consultants and chartered accountants
  • We put our customers first to deliver the best VAT services in the UAE
  • Our services are reliable and cost-effective

Frequently Asked Questions (FAQs)

 

  1. What are the Edit option & Amendment Options in the EmaraTax portal?

The changes made through the Edit option will be automatically reflected in the portal without the FTA approval. Changes made through the Amendment option require FTA approval.

  1. What changes can be submitted through the edit application?

The edit function can be used to update the bank details and this doesn’t require FTA approval.

  1. Can I submit more than one VAT amendment application?

You cannot submit another VAT amendment application when the FTA is reviewing your first application.

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