🚨 Have You Updated Your FTA Records Recently?

Your UAE trade license may already be renewed… but have you informed the Federal Tax Authority? Many businesses believe that updating the licensing authority is enough. It isn’t. With Cabinet Decision No. 129 of 2025 now being implemented in practice, taxable persons are required to notify the Federal Tax Authority within 20 business days whenever there is a change in their registered information. Some common changes requiring an update include: ✅ Trade License renewal ✅ Change in business activities ✅ Change in shareholders, managers, or directors ✅ Change in business address ✅ Any other information previously provided to the FTA Failure to update within the prescribed timeline may result in administrative penalties: ⚠️ AED 1,000 – First violation ⚠️ AED 5,000 – Repeated violation within 24 months 📌 One Practical Change Businesses Should Notice