REGISTERED TAX AGENTS IN UAE
TAXATION AND ROLE OF REGISTERED TAX AGENTS IN UAE
To diversify its revenues and align itself with international markets, the UAE has introduced a series of taxes over the last few years. Beginning with the implementation of the Value Added Tax (VAT), followed by the Economic Substances Rule (ESR) and then Country-by-Country Reporting (CBCR) regulations, and now with the newly introduced Corporate Tax (CT), the UAE Government, Ministry of Finance Has taken concrete steps to streamline its tax system.
The history of UAE says that UAE was a tax-free country and Dubai's businessmen and professionals were clueless about the intricacies of taxation, but now when the government of UAE has introduced tax laws one after the other, it is not easy for everyone to understand the taxation law, its clauses, protocols, and subsections, and that's where a registered tax agent comes in and help you in staying well complied with UAE taxation law.
Taxation is always implemented for the betterment of the country and the people of the country, and it has to cover all such aspects so that it is beneficial for the country and the people of the country, and that's why it is often complex.
As a business owner in the UAE, it's essential to stay on top of your tax matters. To ensure the best interest of a person or a company is preserved Only a registered UAE tax agent should be hired. A registered tax agent in the UAE is a person or firm authorized by the Federal Tax Authority (FTA) to provide tax-related services to businesses and individuals.
Working with a registered tax agent in the UAE can be beneficial in several ways. First and foremost, tax agents are experts in tax matters and can help ensure that your business is fully compliant with UAE tax regulations. They can also help you identify tax-saving opportunities and suggest ways to optimize your tax position.
Moreover, registered tax agents in the UAE are bound by a code of ethics and professional conduct, which means that they must act in their best interests at all times. They are also required to maintain confidentiality and protect your personal and business information.
Also, the 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 following are the core benefits of hiring a registered tax agent in the UAE:
o Assists in Tax Preparations, Assessments & Representations
o Helps You Save Money and Time
o Assists in Tax Registration, Implementation, and Compliance
o Assists You in Filing Your Returns Timely & Accurately
o Acts as a Long-Term Advisor
When choosing a registered tax agent in the UAE, be sure to look for someone who has experience working with businesses in your industry and who can provide references from satisfied clients. You should also ask about their fees and the services they offer to ensure that they can meet your specific needs and also ensure that the fees can fit your budgets according to the volume of your business.
In conclusion, working with a registered tax agent in the UAE can help ensure that your business is fully compliant with tax regulations and can provide valuable tax-related advice and services. Be sure to choose a reputable and experienced tax agent who can help you achieve your tax-related goals.
We EMT Accounting and Taxation Services LLC are Registered Tax Agents in UAE that provide free consultation on UAE Taxation. To get your free consultation contact us OR Submit the Inquiry Form by visiting our website we will respond to you soon and arrange the meeting.