Important Update for All Tax Registrants

The Cabinet has announced a grace period for tax registrants from January 1, 2024, to March 31, 2025. During this period, no administrative penalties will be imposed for delays in updating tax records with the Federal Tax Authority (FTA). This presents a valuable opportunity to bring your tax information up to date without any penalties.

Key Points:

➡️ Grace period: January 1, 2024 – March 31, 2025
➡️ No penalties for registrants who update their tax records within this timeframe
➡️ If you already updated in 2024 and incurred a penalty, the FTA will automatically reverse the penalty on your account

This proactive measure by the FTA is a great chance to ensure compliance and avoid future issues. Make sure to update your records on time!