Shuraa Tax Blog

Tag: uae tax agent

  • What are the benefits of a UAE Tax Agent?

    What are the benefits of a UAE Tax Agent?

    Tax Agent is “An agent registered with the Authority, who is appointed by a person to act in his name and on his behalf regarding his tax affairs to represent him before the Authority and assist him in fulfillment of the tax obligations.

    The definition and provision related to Tax Agent are clearly defined in Article 12, 13,14,15,16, Chapter 2 of Federal Law Number 7 of 2017 on Tax Procedures.

    Tax Agents basically help taxable people to meet the requirements that are set by the government for the tax system. The responsibility of a tax agent is to enable the Company to fulfill the tax compliance effectively.

    Benefits of a UAE tax agent are listed below:

    • A UAE Tax Agent offers freedom from legal representation, as a Tax Agent will always act and represent the Company legally and be in accordance with the Federal Tax Authority (FTA).
    • UAE Tax Agents ensure that the taxable persons are complying their obligations as tax-registered businesses.
    • Tax agents represent the taxable Companies by registering the Companies with the FTA. Tax Agent helps in submitting tax returns in a timely manner.
    • UAE Tax Agents can be contacted by the taxable entities for tax advice. Tax Agent does not only help through the procedural matters but also guides the Companies to avoid any unforeseen events or fines.
    • Tax Agent can also represent foreign companies that do not have their establishment/offices in the UAE. On behalf of the foreign Company, the Tax Agent collects the tax amount from their customers and makes the payments to the Federal Tax Authority (FTA).
    • Having a Tax Agent in UAE is also beneficial as they are aware of the latest amendments in the commercial and tax laws. They caution the companies beforehand as well as help to maintain the integrity of the country’s tax system.
    • As per Article 16, Chapter 2 of Federal Law Number 7 of 2017 on Tax Procedures, FTA may request for any tax-related information, documents or records related to tax affairs of the Company represented by him. A Tax Agent can assist the taxable entities in case of an inspection by the Authority and provide relevant legal and accounting details to the FTA inspector.
    • Having a Tax Agent also eases the communication, follow up with the Federal Tax Authority (FTA) and offers quick solutions.

    Need to know more about a tax agent in Dubai or to connect with a tax agent, contact Shuraa Tax Consultants. Call us on +971508912062. You can also email us your query on info@shuraatax.com or log on to www.shuraatax.com for more information.

  • Why do you need an FTA tax agent in UAE?

    Why do you need an FTA tax agent in UAE?

    Before understanding the need for an FTA tax agent in UAE, it is crucial to know who an FTA tax agent is. As per the Federal Law Number 7 of 2017 on Tax Procedures, a Federal Tax Authority Tax Agent also commonly known as an FTA Agent is an individual appointed for a Company to act in his name and on his behalf for his tax affairs.

    However, not everyone can become a tax agent in UAE. Individuals need to fulfil the mandatory requirements imposed by the Federal Tax Authority to become an FTA tax agent. The FTA has specified conditions and qualifications, in addition to passing the Authority’s tests to become a tax agent in Dubai UAE.

    So, why exactly would Companies require an FTA tax agent in Dubai?

    An FTA tax agent’s key role is to successfully implement UAE tax systems for your company. Nevertheless, there are a lot of contributions an FTA agent makes towards the taxation functioning of a company.

    Some of them are listed below:

    • FTA Tax agents strengthen ties between the Federal Tax Authority and the taxable persons.
    • FTA tax agent in UAE provides advanced knowledge and extensive practical experience which ultimately benefits the company.
    • A tax agent represents any entity or individual before the Authority, helping them meet their tax commitments and know their rights.
    • Tax agents help businesses be tax compliant, manage records, meet standards accurately, avoiding errors in registration.
    • FTA tax agents in Dubai are basically strategic partners for the companies. With businesses to fulfill their tax obligations toward the Authority, tax agents provide services such as filing returns, internal tax audit and prepare needed accounting procedures for tax compliance.
    • Tax agents are required to be fluent in Arabic and English. Because of which, companies can be locally efficient in terms of Arabic and translate documents effectively.
    • FTA agents can also submit requests for reconsideration of decisions issued by the FTA.
    • Tax agents can be helpful to represent foreign & offshore companies before FTA.

    If you are looking out for a competent tax agent in Dubai, then SHURAA’s Tax Agents can help you! Shuraa Tax Consultants offer FTA certified tax agents to manage all your requirements related to tax services, tax consultation and VAT registration in the UAE.

    To know more about our tax agent or for existing offers on tax and accounting services request a call back on +971508912062.