Updating your renewed trade license in the UAE's FTA EmaraTax portal is a mandatory process. The step is essential for all businesses to maintain VAT compliance and avoid financial penalties.
Today's article provides the exact steps for submitting a new trade license to the FTA. We discuss the required documents, deadlines, and common issues to ensure your EmaraTax profile update is successful.
Gather these items first for an efficient FTA business details amendment:
Follow these actions for your renewed trade license update in EmaraTax.
Go to the EmaraTax website. Enter your username and password to sign in. This portal is the central hub for all your tax-related activities.
Find the "Company Profile Details" section after you log in. Click it to view your registered business information.
Look for "Taxable Person Details" within that section. This area contains your VAT registration status and other important data.
Locate the "Amend" button on the right side of the page. Click it to begin modifying your trade license information.
Review the guidelines shown on the screen. Click to start the application when you are ready.
Choose the option to enable editing. This function allows you to modify the details on the form.
In the "Identification Details" part, add the new expiry date from your renewed license. Upload a PDF copy of the license in the designated field. Confirm all information matches your new license exactly.
Check all entered information twice for accuracy. Press submit to send your application to the FTA. You will receive an immediate confirmation message with a reference number.
The FTA reviews most updates in approximately 20 business days. Simpler changes may be processed in 5-7 days.
Amendment fees are based on the type of update and your location. Payment can be made online or at an FTA service center.
If you cannot log in, double-check your username and password for any typos. To prevent delays, have all your documents prepared and correctly formatted before you begin. If the process takes longer than expected, check your application status on the portal using your reference number.
Also Read: What is Qualifying Income in UAE Corporate Tax
The standard processing time is about 20 business days. Simple updates, like a change in expiry date, may be approved faster, often within 5 to 7 business days.
Failure to update your details within 20 business days is a violation of tax law. Your UAE VAT record will be inaccurate, which can lead to administrative penalties of up to AED 10,000 and other compliance issues.
Yes, a registered tax agent or an authorized legal representative can perform the update. They must use their own login credentials linked to your company's profile to complete the process.