Running a business setup in the UAE, whether you’re tucked into a buzzing free zone or spread across the mainland, comes with a long list of responsibilities. And one thing you don’t want to ignore? Keeping your taxable person details updated on the EmaraTax portal. It’s not just a best practice. It’s the law. According to Cabinet Decision No. 74 of 2023, businesses must notify the Federal Tax Authority (FTA) of any changes to their taxable person details within 20 business days. Failure to comply may result in administrative penalties.
Let’s walk through what you need to know, step-by-step.
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ToggleBefore you even think of hitting “submit,” let’s talk about what you’re allowed to update on the EmaraTax portal, and what proof you’ll need to get those changes through without a hitch. Some changes are simple, others are a bit more paperwork-heavy, but here’s the breakdown:
Let’s be real, no one likes admin work. But this isn’t just another box to tick. Failing to update your details on time can trigger penalties, mess up your filings, and create chaos in areas you didn’t even think of. So, yes, it matters.
The FTA has offered businesses a bit of breathing room. The FTA has announced a grace period from January 1, 2024, to March 31, 2025, allowing businesses to amend incorrect or outdated taxable person information without incurring penalties. Sounds good, right? It is, but it’s not permanent.
Okay, ready to actually make those updates? It’s easier than you might think, as long as you’ve got the right docs and a few minutes of focus. Here’s how to do it:
Corporate Tax isn’t new anymore, but there’s more coming. Starting in 2024, UAE businesses have been paying 9% on profits over AED 375,000. But big changes are around the corner.
Think of your EmaraTax profile as the foundation of your compliance. If it’s shaky, everything built on it, your filings, certifications, evaluations can fall apart.
Want to avoid resubmissions, confusion, or last-minute freakouts? Here are a few pro tips straight from consultants who’ve seen it all:
In the fast-moving world of UAE tax reforms, staying ahead of the curve can save you time, money, and a bunch of headaches. Whether it’s VAT, Corporate Tax, or upcoming OECD-aligned reforms, accurate records are your ticket to smooth operations.
So, don’t wait for an audit to clean up your details. Use the grace period wisely. After March 31, 2025, the penalties will hurt, and worse, they’re avoidable. Whether you’re running a startup, managing a free-zone company, or advising a group of entities, now’s the time to get compliant.
And if you’re overwhelmed? You don’t have to go it alone. If you need assistance with document preparation, resubmissions, or FTA compliance, consider working with certified tax consultants or registered FTA agents to ensure accuracy and peace of mind.
Let’s make compliance easy, today and in the long run.
Disclaimer:
The information shared in this blog is for general awareness only. It does not constitute legal, tax, or business advice. Regulations in the UAE, particularly those concerning taxation, cyber law, and corporate structuring, may change over time. For personalized guidance, always consult licensed professionals or refer to official portals like the Federal Tax Authority (FTA) or your local DED. No liability is accepted for actions taken based on this content.
Source:
Federal Tax Authority
Ministry of Finance UAE
OECD Pillar Two Guidelines
FTA Cabinet Decision 74 of 2023 PDF
EmaraTax portal
According to Cabinet Decision No. 74 of 2023
1. How to update tax records in UAE?
Updating your tax records in the UAE is now simpler than ever, thanks to the EmaraTax portal. Whether it’s a new trade name, a change in shareholders, or an updated office address, all you need to do is log in, select your profile, and upload the right supporting documents. Just make sure everything you submit is clear, up-to-date, and matches your official records to avoid delays.
2. What are the steps to update taxable person information in the UAE?
It’s a straightforward process. Here’s how it works:
Easy, right? Just keep your documents ready and double-check for accuracy before hitting submit.
3. Who is a taxable person in the UAE?
A “taxable person” is any individual, company, or legal entity registered (or required to register) with the Federal Tax Authority for VAT, Excise, or Corporate Tax. This includes businesses operating in mainland UAE or free zones. If you’re earning taxable income or meeting the thresholds set by the FTA, you’re considered a taxable person and you’re expected to keep your details accurate and updated.
4. Can I change my taxable person details online in the UAE?
Yes, absolutely. All updates to taxable person information, like business name, ownership structure, legal form, or contact info, can be done online via the EmaraTax portal. As long as you have the required documents, you won’t even need to visit any government office. Just log in, upload, and submit. Quick, secure, and all digital.
5. Why do I need to amend my taxable person details in the UAE?
Because it’s the law and skipping this step can cost you. Cabinet Decision No. 74 of 2023 requires businesses to report any changes within 20 business days. Not doing so could lead to penalties starting from AED 1,000 and going up from there. But beyond the fines, keeping your records accurate ensures smoother filings, audit readiness, and zero hiccups in getting certifications, banking approvals, or FTA alerts.
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