How To Change VAT Registration in UAE | Step-by-Step Guide šŸ„‡

Understanding VAT Registration in UAE

VAT started in the UAE on January 1, 2018. Every business that earns more than AED 375,000 each year must register for VAT with the government. Mubarak Al Ketbi (MAK) Auditing always helps people with registration in Dubai and all over the UAE. Sometimes, you need to change details in your VAT registration. You must tell the Federal Tax Authority (FTA) about any changes within 20 days of making them. If you don’t, you may get a big penalty.

When To Update Your VAT Details

Sometimes, business owners must update information in their VAT profile after registration. You may want to add or change your business activities, update customs details, or change company data. Not all changes need FTA approval, but some do. Mubarak Al Ketbi (MAK) Auditing can guide you step-by-step during this process.

Steps For Simple VAT Changes (Without FTA Approval)

If your change doesn’t need FTA approval, you can do it online. Here are the steps:

  • Go to the FTA VAT registration online portal.
  • Find your VAT registration form in the dashboard tab.
  • Click the ā€˜edit’ button.
  • Change any of these:
    • Business activities
    • GCC activities
    • Customs registration information
  • After updating, click ā€˜submit’. The profile will show your new details.

Steps For Changes That Need FTA Approval

Some changes are bigger and need the FTA to say ā€œyesā€ first. You must follow this process:

  • Write to the FTA about the changes you want.
  • Wait for FTA’s approval.
  • If approved, click the ā€˜amendment’ button in your profile.
  • Update these sections if you need:
    • Business details
    • Bank account information
    • VAT application info
    • Declarations
    • Business relationships
    • Financial transactions
    • Import and export data
    • Details about authorized signatories or communication preferences
  • Review everything.
  • Click ā€˜review and submit’ after checking all information.
See also  Fujairah Free Zone Company Formation Guide šŸ„‡

Changes You Cannot Make Directly

Some fields in the VAT application cannot be changed online by yourself:

  • ā€˜Exception from VAT registration’ (in About the VAT application)
  • ā€˜Notification language change’ (in Declaration section)
  • Communication preference section

If you need to change these, ask Mubarak Al Ketbi (MAK) Auditing for help.

Penalties for Not Updating VAT

If you don’t tell the FTA about important changes, you’ll get a penalty:

  • AED 5,000 for the first mistake
  • AED 15,000 for the next mistake

Every business should know how to register and amend VAT. This avoids fines and keeps your business safe from legal problems.

What Can Mubarak Al Ketbi (MAK) Auditing Do To Help?

Mubarak Al Ketbi (MAK) Auditing gives you custom solutions in VAT services, internal audit, tax audit, management accounting, and bookkeeping. We make sure you follow every law and rule set by the UAE government. Our experts help you avoid mistakes and penalties in VAT registration and changes. If you want the best support, just contact us for expert help.

At the end of the day, a stitch in time saves nine, so it’s wise to keep your business details up to date!

For More Information:

  • Visit our office at Saraya Avenue Building – Office M-06, Block/A, Al Garhoud – Dubai – United Arab Emirates
  • Or contact/WhatsApp us at +971 50 276 2132

FAQs on How To Change VAT Registration in UAE | Step-by-Step Guide

Know more Our Related Services

Registered Auditors Benefits in UAE Explained

Introduction In the UAE, audits are mandatory for all companies. An audit is an independent

Federal Tax Authority launch initiative to waive late registration penalties under Corporate Tax Law, Ministry of Finance

Corporate Tax Registration UAE: Why It’s Crucial Corporate Tax Registration UAE is a top priority

Transfer Pricing methodologies in UAE’s Corporate Tax

On October 23, 2023, the UAE Federal Tax Authority (FTA) issued the TP Guide that

Top Accounting Challenges Faced by Corporates

Introduction to Corporate Accounting Challenges Companies in the corporate world face many accounting challenges today.

Profit Margin Scheme VAT UAE šŸ„‡ | MAK Auditing

šŸ„‡ Profit Margin Scheme under VAT in UAE Explained Introduction to Profit Margin Scheme Profit

Withholding Tax in Oman Explained

Since 2010, Oman has charged direct taxes mainly through Corporate Income Tax and withholding tax.