Registered Tax Agents in Dubai
Who are Tax Agents as per UAE Law?
The Federal Law No (7) of 2017 on tax procedures specifies the appointment of a tax agent to represent taxable persons before the Federal tax authority (FTA) with regards to his tax affairs and taxable obligations. Federal Law No. (7) of 2017 on Tax Procedures states tax agents 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 fulfilment of his Tax obligations and the exercise of his associated tax rights.”
A tax agent should meet the below conditions for registration in the register of tax agents at the FTA.
a) He should be of good conduct and behaviour.
b) He should hold an accredited qualification from a recognised university or an institute showing his specialisation and practical experience.
c) He is medically fit.
d) He holds avalid professional indemnity insurance.
Benefits of Hiring a Tax Agent in UAE
A tax agent can handle all the tax affairs of a company, whilst the business owner and key management employees can focus on other important duties. The Federal Law No (7) of 2017 on tax procedures specifies the appointment of a VAT agent in Dubai, U.A.E to represent taxable persons before the Federal Tax Authority (FTA) with regards to their tax affairs and taxable obligations.
Following are the advantages of hiring a registered VAT agent in Dubai & UAE:
1. Assists in Tax Assessments & Tax Representations
Filing of returns and payments does not end the tax duties of tax agents. They can be of greater assistance during tax assessments and representations before the Federal Tax Authority, which are more complex by nature and require greater expertise. Al Fakher Accounting assists and simplifies all these formalities for taxpayers, easing their burden before the tax authorities. Our VAT experts in Dubai also provide specialized insights into tax assessments and compliance, ensuring businesses meet their obligations effectively.
2. Helps You Save Time & Money
Managing a company’s tax affairs involves significant time and effort, covering everything from VAT registration, VAT planning, and VAT advisory to regular VAT compliance in Dubai, U.A.E. This can become a costly and time-consuming affair if handled internally. By appointing Al Fakher Accounting as your tax agent, you save time and money while benefiting from our expertise and experience in dealing with diverse client cases. Our VAT agent services in Dubai deliver tailored solutions to optimize financial management and compliance strategies.
3. Assists in Tax Implementation & Registration in Dubai, UAE
New and existing businesses registering for VAT in Dubai, U.A.E might lack the required knowledge on how to register, plan, and integrate VAT into daily operations. VAT implementation requires a deep understanding of business transaction processes and their VAT implications. Al Fakher Accounting ensures smooth VAT implementation across business processes, making compliance easier and more accurate.
4. Assists You in Filing Your Returns Timely & Accurately
Filing returns with the Federal Tax Authority in Dubai must be done on time and with precision. Delays or inaccuracies can lead to heavy penalties. Al Fakher Accounting plans and assists with periodic and accurate return filings, helping clients avoid penalties and maintain compliance.
5. Acts as a Long-Term Advisor
We act as long-term advisors, guiding clients through major business transactions, changes in government policies, tax law updates, and other related matters.
The benefits of hiring Al Fakher Accounting as your tax agent far outweigh the costs, making it the best choice for your company.
VAT Planning & Advisory Services
VAT planning in UAE
VAT advisory services
Recommending VAT registration as a single entity or a tax group
Applicability of reverse charge mechanism for imports
Guidance on Intra-GCC trade
VAT training and awareness for staff
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VAT Compliance Services
Ensure timely submission of VAT returns and reconciliation.
Review of VAT records, returns, and reconciliation.
Providing advice on client’s clarifications and FTA notifications.
Representing clients before the FTA for tax matters.
Reviewing and customizing source documents.
For proper monitoring of account books and other records, the role of a tax agent becomes essential. A tax agent assists business owners in meeting their taxable obligations on time. Every taxable person is required to maintain books of accounts and records for a minimum period of five years.
Al Fakher Accounting is among the leading VAT agents in Dubai, providing expert tax advisory, compliance