Which are the Valuable Assistance Tax Agents Can Add To Your Business in Dubai?

Last Updated on

There are so many aspects that a business has we need to take care of. One such important and crucial part of a business is the tax in different spheres. With the advent of taxation in different spheres of business in Dubai, a need for tax consultants has come up suddenly. The foundation of these agents/consultants regarding corporate or business tax is remarkable. Hence it becomes a lot easier for the businesses to get represented in front of the tax department by these professionals. It is high time now to switch to professionalism and get yourself a brilliant tax agent for the ease of handling this financial aspect.

Tax agents in Dubai are the right professionals

The professional tax consultants and agents, who are recognized by the Federal Tax Authority (FTA), will be the ideal ones to be hired to represent you and your company. These professionals have passed an examination held by this authority in Dubai to recognize only the eligible tax agents. In fact, they comply with the rest of the criteria to fit into the description as corporate and professional tax agents.

Apart from the eligibility, the tax agents in Dubai are highly experienced to handle the different dimensions of business tax for diverse genres of industries. In fact, the definition of a tax agent as per the Federal Law No. 7, 2017, depicts:

‘A professional registered and recognized by the Authority in the Register, appointed to represent another person for handling the responsibilities or fulfillment of the latter person’s tax obligations and exercises tax rights is coined as a tax agent.

A tax agent in Dubai will be responsible for representing his employer in front of the FTA and perform his duties. He will also remind the specific obligations his clients have to pay attention to avoid penalties and help them to enjoy the rights as well.

Responsibilities handled by a tax agent

There are new clauses and regulations amended by the FTA in UAE. The changes and upgrades in the law might not be the cup of tea of professional businessmen. This is where the tax agents can be hired to find a way to handle all the financial legalities and meet with the tax requirements of a business. Here is what Dubai tax agents do for their clients.

    • Assurance to meet tax responsibilities
      The tax agent employed or hired by a client will be responsible to showcase or highlight the
      responsibilities (as per FTA law) that his client must pay attention to. The obligations must be
      met to avoid any tax-related hassles in the later years.
    • Preserving privacy
      Tax information is absolutely classified. The privacy of a taxable entity (professional or business) should be maintained in the open forum. The agent will help the taxable entities to preserve their decorum and privacy throughout his tenure.
    • Maintaining integrity
      The tax agents are also bound to act when any unlawful proposal is forwarded. By law, they cannot support any misleading act or plan that might hurt the integrity of the country. He should not violate any amended law and also stop his clients from practising so to avoid any legal tension. Any unlawful activity will not be encouraged by the tax agent rather stopped from proceeding in the future.
    • Comply with the information provision
      The tax agent will provide specific information as per the new VAT Law. It will contain documents, records, and information mentioned by Article 15 of Part 2, Chapter 3 in the newly amended law as per the government’s request.
  • Educating clients
    This is another part of the job profile of a tax agent. BY definition, a tax agent will educate his clients regarding the new changes and amendments in the law designed by the FTA. In fact, he will also make his clients understand what a particular clause in the law stands for so that its importance can be implemented into the business.

Tax consultants: Valuable assistance

As mentioned earlier, when you are willing to hire a tax agent for the company’s benefit, consider the FTA certification and experience gathered by the agent or a consulting agency before jumping into a conclusion. As per the expert tax agents, always check on the domain where an agent has previously worked on. This will help you to find out the ideal profile befitting your needs. It is now easy to discover and appoint the best FTA registered tax agents in Dubai. Seek consultation and figure out how professional a tax consulting agency is. Find out how much dedication they show when you ask a question and seek education regarding a particular case.

Hire a tax agent to handle your tax

Hire a VAT consultant in Dubai to handle tax affairs and represent your business professionally in front of the FTA.

For more information on this topic, please visit our Insights Section or Contact Us

Share

Address

Binary Tower, Marasi Drive,
Business Bay,
Dubai, UAE
Phone KSA: +966 58 264 5319
UAE: +971 567952590
Mail:info@aviaanaccounting.com

Skip to toolbar