The Federal Tax Authority, who are registered late to update their tax records, called for benefiting from the Cabinet’s decision regarding the grace period of grace, during which administrative fines are not imposed because the registrar is not imposed by the registrar to amend the information about his tax record, indicating that the decision contributes to reducing the tax burden on the business sectors, And encouraging the fulfillment of their tax obligations, in order to enhance the state’s competitiveness in the field of business. The commission stated in a press statement that the decision allowed the registrants to amend the information related to their tax registry during the period from the first of January 2024 to March 31, 2025, without applying administrative fines from violating their failure to inform the authority of any case that may require amending the information related to their tax record.
She explained that if administrative fines were imposed on the regions, as a result of their delay in updating their tax records preserved with the authority during the period from the first of January 2024 to the date of the application of the allowance period, these fines will be canceled automatically without the need to communicate with the authority.
She pointed out that, according to Cabinet Resolution No. (74) of 2023 regarding the executive regulations of the decree of Law No. (28) for the year regarding tax procedures, the registrant must notify the commission, according to the model and the mechanism approved by it, within (20) working days with any change that occurs On its preserved data, including the name, the address, e -mail, the activity registered in the commercial license, the legal form and the partnership contract for joint coalitions, the establishment and equivalent contract, the nature of the registrar’s work, and the title.
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