Portal Amendment Services
Businesses in the UAE must frequently update their registered information with the Federal Tax Authority (FTA). Amendments refer to changes in existing data, including business details, tax returns, and VAT and Corporate Tax records.
Common Types of Amendments with FTA UAE
- Business Information Alteration:
- Businesses need to inform the FTA of any changes regarding:
- Business location or contact address
- Trade license
- Legal form (e.g., amalgamation, demerger, company name changes)
- Authorized signatories
- Businesses need to inform the FTA of any changes regarding:
- Error Corrections of VAT or Corporate Taxes:
- Corrections can be made online through the FTA portal for any errors in submitted VAT returns or Corporate Taxes:
- Amendments of a VAT Return: Errors in previously submitted VAT returns can be amended if the difference does not exceed AED 10,000. For differences above AED 10,000, a voluntary disclosure is required.
- VAT & Corporate Tax Registration Amendments: Similar amendments apply for errors in VAT and Corporate Tax registration certificates.
Major Services We Offer in FTA Amendments:
- Business Registration Amendment Assistance:
- We assist companies in updating their registered information with the FTA and ensure that all submitted amendments are valid and timely.
- VAT and Corporate Tax Amendments:
- Our experts help correct errors in previously submitted tax returns, including registration and submission of returns.
Why Amendments Are Important
- Avoiding Penalties:
- Delayed updates or errors in tax returns can lead to penalties, including charges for incorrect or late submissions.
- Compliance:
- Amendments ensure full compliance with the latest FTA regulations, preventing operational or tax filing disruptions.
- Accurate Financial Reporting:
- Timely tax return amendments enable businesses to report finances accurately, leading to better decisions and plans.
Situations Often Encountered in the FTA Amendment Process
- Delay in Filing Amendments:
- Amendments may take time to process, and penalties could be imposed even after deadlines have passed.
- Documentation Requirements:
- Some amendments require supporting documentation, which must meet specific criteria for submission to the FTA to avoid rejection.
Why Opt for Primetax for Portal Amendments?
- Professional Advice:
- We provide expert guidance on various types of FTA amendments, ensuring your business stays updated with changing regulations.
- Correct Filing:
- Our team ensures that all amendments are prepared and filed accurately, reducing the likelihood of penalties.
- Customized Solutions:
- We offer tailored solutions based on your business structure and tax needs, ensuring effective amendments.
FAQs
- What if I miss amending my VAT return by the deadline?
- How do I file a voluntary disclosure with the FTA?
- What supporting documents should I submit for business registration amendments?
For professional help with FTA amendments, contact Primetax today!
