Tax Agent in Dubai, UAE
Tax Agent in Dubai, UAE
On the 11th of June 2017, the landmark Federal Law Number 7 of 2017 was released to the whole nation of the UAE by the President himself, His Highness Sheikh Khalifa bin Zayed Al Nahyan. This law was all about the value-added tax (VAT) procedures that are now being implemented in the country. This is considered to have laid the foundations of the said tax system that is now bringing good effects to the country.
In addition, the Federal Tax Authority (FTA)’s role in this whole new era is explained in a detailed manner for people to know the new government department that handles the tax system in the UAE.
The tax system has brought with it new things that people in the business industry need to learn to keep up with the system. In knowing these things, it is easier for them to deal with and handle the things that need to be understood in this new era, although it has been months since the VAT implementation in the UAE.
There is more to know than VAT procedures and VAT registration in the UAE that business people need to be aware of to continually survive. One of them is knowing the existence of Tax Agents. These people are defined in the law itself, and the information is laid down by the government itself.
What is a Tax Agent?
In the above-mentioned law, the definition of Tax Agent is clearly defined in Article 1, Chapter 1. The scope of applications is also stated. Tax Agent is described as “any Person registered with the Authority in the Register, who is appointed on behalf of another person to represent him before the Authority and assist him in the fulfillment of his Tax obligations and the exercise of his associated tax rights states that a Tax Agent.”
To sum up, what the quotation that is directly taken from the law means, tax agents are people who are registered with the FTA and are therefore regulated to help VAT-registered businesses with their tax affairs and concerns.
Businesses that need help with any issues or problems they are having with tax can appoint a Tax Agent, who can represent them directly to the FTA. Aside from that, they can help tax-registered businesses fulfill their tax obligations on time and without delay to avoid fines. Tax Agents can also inform taxpayers about their tax rights.
Tax Agents help Taxable People meet the requirements that are set by the government for the tax system to function effectively in the whole country, and to prevent any bad records that are concerned to tax.
What Are the Responsibilities of a Tax Agent?
To summarize the above, below are the duties and responsibilities of Tax Agents when appointed by Taxable People to assist them:
- Ensure that the Taxable People are doing their obligations as tax-registered businesses as per the law and as per the agreement between the two parties
- Preserve the privacy of the Taxable People and the company’s information in the duration of action as a Tax Agent to the Taxable People as it is all classified information
- Decline any plans proposed that are going to harm the integrity of the country’s tax system and violate any law in the country
- Provide the information, documents, records, and data of the Taxable People to FTA only when they are requested by the said government as per Article 15, Part 2, Chapter 3 of the VAT Law
It should be noted that the FTA is authorized to use the documents or records of a Taxable Person for tax audit purposes.
Appointing a Registered Tax Agent in the UAE
Taxable People are allowed to appoint Tax Agents when necessary for direct representation to the FTA. This is all stated in Article 15, Part 2, Chapter 2 of the above-mentioned law.
When a Taxable Person has informed the FTA of the canceled or terminated contract between them and a certain Tax Agent, the latter is not authorized anymore to deal directly with the FTA on behalf of the said Taxable Person.
Things will be easier for businesses that are registered for VAT to deal with tax-related concerns and matters, as Tax Agents are regulated by the FTA and are passers of the high standard of requirements that the FTA has set.
If you are in search of VAT consultants in Dubai or any city in the UAE, you can certainly contact Farahat & Co. now for a free consultation. We can act as your Tax Agent as well because we have been regulated and authorized by the FTA. We can handle your tax affairs and represent you directly to the FTA when needed.
Why Pick Farahat & Co. as Your UAE Tax Agent in UAE?
Choosing the right tax agent in the UAE has a direct impact on your compliance and protection against penalties. At Farahat & Co., we not only manage your tax obligations but also safeguard your business from unnecessary risks while ensuring full compliance with UAE tax regulations. We are a reputable Tax Agent in the UAE for the following reasons:
1. Approved by the Federal Tax Authority (FTA)
By choosing Farahat & Co., you are engaging a firm formally registered and approved by the Federal Tax Authority (FTA). This accreditation enables us to manage compliance matters, respond to official queries on your behalf, and act as your legal representative.
2. Comprehensive Compliance, Zero Stress
We provide end-to-end tax compliance services, including corporate tax updates, audits, VAT registration, and filing. Our team monitors deadlines, corrects filing errors, and ensures your company avoids penalties.
3. Direct Representation Before the FTA
Tax disputes and audits can be challenging. At Farahat & Co., we represent your business directly before the FTA, offering expert defense and comprehensive support. This allows you to focus on business growth while we manage the complexities of regulatory proceedings.
4. Professionalism, Integrity, and Confidentiality
We uphold the highest ethical standards and maintain confidentiality concerning your financial information. Our approach is transparent, professional, and uncompromising, ensuring that your tax affairs are handled with integrity.
What Should You Do Next?
The UAE’s tax landscape is continuously evolving, and delaying compliance can result in costly fines or notices. Secure your business by appointing Farahat & Co. as your tax agent today. With our expertise, reliable compliance services, and trusted guidance.
