Tax Agent Services in Dubai
Owing to its economy, which is growing at a rapid rate, and its political provisions, which make it easy to set up businesses in Dubai, it has, over the years, come to be known as a business hub. People from all around, from within the United Arab Emirates as well as those from other parts of the world, have come to Dubai in order to set up their businesses/companies since they can be assured of higher profits and returns on their investments here than in other places.
However, while it might be highly profitable to have a business in Dubai, it is important to keep in mind that as a business owner, you are also obligated to fulfill some duties towards the government. You are, as a business, required to pay taxes to the government, and since you are within the UAE, you are also required to charge VAT or Value Added Tax for the goods you manufacture and sell, and ultimately pay that tax to the government as well. Given the fact that VAT is still relatively new in the UAE and that there might always be some confusion surrounding the tax laws or requirements on the part of the companies, it is always better to have someone advise them on such matters, which is where tax agents in Dubai come into the picture.
Who is a Tax Agent?
Since you are, as a business owner, obligated to fulfill certain responsibilities towards the government, especially those related to taxes, it is always a good idea to consider hiring someone that can help you understand everything pertaining to tax laws in the country, including VAT, which is still somewhat new and can also help you calculate taxes and file them on time.
Tax agents are basically hired or appointed on behalf of someone else to represent them before the FTA or Federal Tax Authority. They are much more qualified than accountants and can help you understand the different laws surrounding taxation in the country, can help you calculate the taxes you need to pay or the VAT you would charge (VAT is 5% in the UAE) and would also help you file your tax returns on time. As mentioned above, there are a lot of laws regarding taxes, especially with the introduction of VAT, and as a business owner, it can be difficult for you to be updated about them or to fully understand them. Hence, hiring a tax agent would make it much easier for you to fulfill these legal obligations and would also ensure that you aren’t given a penalty for non-compliance.
Benefits of Hiring Tax Agents
It is a well-known fact that while hiring a tax agent in Dubai is not compulsory; it is quite advantageous for your business. Here are some of the ways in which it can benefit you and your business:
- Saves time and money
- Helps with calculating taxes and filing tax returns
- Helps with tax registrations (especially with regards to VAT)
- Can advise you on matters related not just to taxes but finances in general
- Represent you in front of the FTA etc.
Why Choose Aviaan Accounting for Tax Agent Services?
While hiring a tax agent service in Dubai is not mandatory, it is always a great idea to do so for your business because they know practically everything that has to do with taxation and its related changes. Aviaan Accounting ensures that our tax agents are well aware and well educated about all such laws and keep ahead of any changes in the legal obligations of a company. They would help you with understanding what you need to do with regards to the same, how to go about planning as well as calculating taxes, the documentation process, tax return filing while ensuring that you adhere to all the rules and norms imposed by the government and would save you a lot of time so that you can focus on other aspects of your business. Moreover, you would not even need to worry about having to deal with the government authorities; we would do that for you.
Tax Agent Services Offered by Aviaan Accounting
At, Aviaan Accounting we ensure that our tax agents in Dubai are well aware of all the laws pertaining to taxes in the UAE and would thus be able to help you fulfill your tax obligations and would represent you in front of tax or government officials while keeping in mind your company and its activities. Here are the services offered by Aviaan Accounting: –
- Aiding in the preparation and submission of VAT returns
- Liaison with FTA in Dubai with regards to tax-related matters
- Maintaining records related to tax transactions
- VAT registration as well as VAT group registration
- Act as representative in front of FTA in case there is a query or clarification needed
- Respond to the FTA on your behalf in the event of a Tax audit or assessment
- Document preparation for the FTA during Tax audit or assessment
- Aiding with the submission of reconsideration request on FTA decisions
- Proceeding with de-registration on your behalf if needed
If you have any queries regarding how hiring a tax agent in Dubai can benefit your business, what services we offer, what the laws/regulations pertaining to taxes are etc., feel free to contact us anytime; call us or write to us via email, and we will respond at the soonest.