Cabinet Decision No. 74 of 2023 imposes specific reporting duties on government licensing bodies. Article 7 requires entities granting trade licenses to notify the Federal Tax Authority within 20 business days of issuing or renewing a license. The notification must contain comprehensive details, including the licensee's name, registered address, business activities, license number, and the particulars of owners, partners, and directors to assist the Authority in maintaining accurate tax records.
Article 7 - Obligations of Licensing Authorities in the State
The government entities that grant licences to Persons carrying out Business shall, within (20) twenty Business Days of the issuance or renewal of the licence, notify the Authority in the manner specified by it. The notification shall include the following:
The name of the licensee.
The type, number and date of issuance of the trade licence.
The registered address of the licensee.
Description of the activities of the Business.
The details of the owners, partners and directors.
Any other information requested by the Authority.
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