If you are running a business in the UAE, you have to fulfill many responsibilities, including compliance with VAT regulations. In the same scenario, as your business grows and evolves, renewing your trade license is an important step. After renewal, the important step is to upload the renewed trade license to the Federal Tax Authority (FTA)
However, failing to update your renewed trade license with the FTA can lead to penalties or delays in VAT-related matters. In order to counter this problem, the FTA has made it easy to upload your renewed trade license online.
At Now Consultant, our tax experts help update and upload your renewed trade license in FTA, keeping your business compliant with the regulations and mitigating the threats of heavy fines and penalties.
How To Upload Renewed Trade License In FTA Online?
In order to update your business’s trade license and upload it to the FTA, follow the steps given below:
1. Log in to the EmaraTax Portal:
The first step is logging into the EmaraTax Portal using your account credentials. Here, you can manage all your VAT and FTA-related information.
2. Select “Company Profile Details”:
Once you are logged in, go to the Company “Profile Details” section. Here, you get access to manage your business’s information.
3. Click “Taxable Person Details”:
In the Company Profile Details section, find and click on the “Taxable Person Details” option. Here, you find your VAT registration and other important business details.
4. Amend the Trade License Information:
On the right side of the screen, you see the Amend option. Click on this to start updating your trade license.
5. Review Instructions and Start the Application
Before making any changes, review the provided instructions and guidelines carefully. Once you become ready, click to start the application.
6. Enable Editing:
To proceed with the application, you need to enable editing by selecting the relevant option. This allows you to modify the details within the system.
7. Update License Information:
In the “Identification Details” section, update the trade license expiry date and upload a PDF copy of your renewed trade license in the designated space. You have to confirm that all details are correct to avoid any delays.
8. Complete and Submit the Application:
After updating the required details, review the information once again, then submit the application. You will receive a confirmation once your application has been successfully submitted.
How Can We Help You?
It is necessary to update your renewed trade license with the FTA, which ensures that your business remains compliant with VAT regulations.
At Now Consultant, we provide expert guidance to help you throughout this process, completing all the steps accurately and efficiently. Our expert guidance helps you expand your business in compliance with the FTA regulations.