VAT in UAE is unquestionably recent to everyone and it has been implemented in UAE since the beginning of year 2018. The concept about certified tax agent UAE has been introduced to the businesses and organizations before the tax system was implemented.
Federal Tax Authority (FTA) has explained the possible issues and difficulties that might arise and might affect business and that is the reason FTA informed all the businesses about TAX AGENT. To be a certified tax agency in the country, which means that the firm met the high standards of the government to become a tax agent in UAE.
It is believed that with the help of certified tax agents in UAE the implementation of the tax system (VAT and Excise) will be done in a smooth way.
What is a Tax Agent?
In Article 1, Chapter 1 of the Federal Decree Law Number 8 of 2018 or commonly known as the VAT Law, it clearly states there that a tax agent is “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.”
What Certified Tax Agency UAE are Made Of?
It is not easy to get the approval of ‘certified tax agent’ in UAE by the Federal Tax Authority (FTA). There are a number of requirements that should be fulfilled including an exam which is required to be passed by individuals if they want to be tax agents.
Other essential requirements are:
- Three years of practical experience in taxation, accounting, or law
- Fluent in Arabic and English
- Certifications like Bachelor’s or Master’s degree in tax, accounting, or law should be from an accredited educational institution.
- A passing grade in FTA examination
- Physically fit for the individual to perform the duties and responsibilities of a tax agent
- Professional indemnity insurance in possession
- Clean record with regard to conduct without any crime or misdemeanor recorded
SAB Auditing of Accounts is a certified Tax Agent in UAE. Our Tax Experts have handled and controlled a lot of situations and provided the best suitable solutions to the companies to corroborate that businesses will constantly operate in a smooth and best possible way.
Our clients only deserve the best and our vast experience in UAE will assure you that your company will receive the best and timely services without compromising quality. If SAB is chosen to partner with you, we will use all of our resources to help you succeed.
Who can appoint a Tax Agent?
As per the Article (15) of part two chapter three, a taxable person may appoint a Tax Agent to act on his behalf with regard to his tax affairs with the authority. However, by appointing a tax agent the taxable person’s responsibility with the authority will remain.
The tax era is a tough one for all the companies established in UAE but it will be a relief for the businesses if they have an Tax Agency on their side. Contact us today to understand more about what we can help you with.