Latest Updates
Stay up-to-date with the latest developments in UAE finance, tax, VAT, and compliance. Our News section offers expert insights, regulatory updates, and essential information for businesses and professionals alike, helping you make informed decisions in a constantly evolving financial landscape.
📢 Important Update!
FTA’s Penalty-Free Grace Period for Tax Record Updates
The Federal Tax Authority (FTA) has introduced a penalty-free grace period until March 31, 2025! This is an excellent opportunity for businesses to update their company details, trade license, and address without facing penalties. Additionally, any penalties issued from January 1, 2024, will be automatically reversed.
Take advantage of this window to ensure your tax records are accurate and up-to-date without incurring extra costs!
📢 Important Update!
How We Can Help
Our team provides expert services to simplify your compliance process:
- 💼 Advisory Services: Tailored compliance guidance.
- 📋 Documentation Support: Hassle-free preparation of required documents.
- 📨 Submission Assistance: Accurate and timely filing.
Compliance Reminder: Mandatory Submission Deadline for DNFBPs – January 2025
Attention all Designated Non-Financial Businesses and Professions (DNFBPs)! The deadline for mandatory compliance submissions is fast approaching. Ensure your business is prepared to meet the requirements by January 2025.
Who Must Comply?
Compliance is mandatory for the following sectors:
- 🏢 Real Estate Companies
- 💼 Auditing & Accounting Firms
- 💎 Dealers in Precious Metals/Stones
- 📜 Trust/Company Service Providers
- ⚖️ Legal Consulting Firms
Why Compliance is Crucial
- ✅ Avoid hefty fines and legal penalties.
- ✅ Stay in line with AML/CFT regulations.
- ✅ Safeguard your business reputation and trustworthiness.
Compliance Dates to Remember
- 2023 Data Submission Deadline: 13th January 2024
- 2024 Data Submission Deadline: 18th January 2025
Ensure timely submissions to avoid penalties and stay compliant!