Website Last updated:

July 30, 2026

The FTA has implemented a grace period for registrants to update their information in tax records without administrative penalties. This period runs from 1 January 2024 to 31 March 2025. The dispensation applies to changes such as address, trade license activities, and legal status. For any administrative penalties that were imposed for such failures between 1 January 2024 and the system implementation date, the FTA will automatically reverse them. If a penalty was already paid, the amount will be credited back to the registrant's tax account, requiring no action from their side.

TAXP007

Tax Procedures Public Clarification

Grace period to update information in tax records

Issue

Registrants are required to inform the FTA within 20 business days of the occurrence of any event that might require the amendment of information related to their tax records kept by the FTA.

Failing to inform the FTA within the prescribed period of such changes constitutes a tax violation and results in the imposition of administrative penalties.