Tax Update: Taxable Person Amendments on the Emaratax Portal

Taxpayers are obliged to maintain up-to-date information regarding their business on the EmaraTax portal. The relevant changes where an amendment on the EmaraTax Portal is required include changes in legal entity type, trade license, ownership structure, expiry of passport/Emirates ID, Business Activities, etc. Any change must be reported to the FTA within 20 business days and failure to report will result in a penalty starting from AED 1,000 in case of CT and AED 5,000 in case of VAT.

See latest factsheet: Taxable Person Amendments on the Emaratax Portal



Who we are

We are multi-services platform catering to successful individuals and entrepreneurial families. Our one- stop-shop offering is unique in the Middle East: a holistic and cross-disciplinary combination of a market- leading corporate services firm, a private client specialist team and a regulatory & compliance services practice, all through one single platform.

We have extensive experience advising on a broad range of wealth structuring and legacy planning issues. We particularly assist in establishing and servicing Family- and Group- Holdings, Single- and Multi- Family offices, Foundations and other asset consolidation/protection and intergenerational wealth management structures.

Headquartered in the UAE, we are an entrepreneurial firm for entrepreneurial clients.