We are the best FTA Registered Tax Agent in UAE

A licensed tax agent is an FTA registered appointee by tax registrants, representing them before the FTA and assisting in the assessment of their tax obligations- exercising their associated tax rights. The licensed tax agent is a legal representative for the company before the FTA in any tax-related matters. Licensed tax agents can ensure that businesses are complying in tandem with their expected tax obligations. 

Registered Tax Agent in Dubai, UAE 

Who are Tax Agents as per UAE Law? 

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) in regards to tax affairs and taxable obligations.  

While a tax agent is meant to help make businesses compliant of their tax obligations, it’s however not mandatory for a taxable person to appoint a tax agent or agency. The act of appointment of a tax agent or agency does not relieve the taxable person or organization of their obligations in any form or manner; the taxable person bears the full legal responsibility for the dealings with the FTA by the appointed tax agent or agency on their behalf 

When a company appoints a tax agents to act on its behalf, the appointed tax agents or agency are expected to faithfully abide by the following duties with due diligence- 

• Assist the client with tax obligations 
• Securely maintain client confidentiality 
• Refusal to participate in acts involving breach of law 
• Renew tax agency listings timely before license expiration 

• A tax agent ensures timely submission of VAT returns, reconciliation.
• Reviewing of VAT records, returns & reconciliation.
• Providing advisories on client’s clarifications and FTA notifications.
• Representing the client before the FTA for tax matters.
• Reviewing and customization of source documents. 

For appropriate monitoring of account books and other financial records, the role of a tax agent becomes irreplaceably important. A tax agency can assist businessman in complying with their taxable obligations on time. Every taxable individual should maintain books of financial accounts and records for a minimum of 5 years. 

The specific cost of tax consultancy services in Dubai depends solely on annual transactions and turnover of the company. For example, Tax consultancy or advisory, as well as VAT return filing in Dubai, is approximately AED 500/- per month for 100 transactions and annual turnover up to 1 million AED. 

Financial Cube ensures timely VAT planning in UAE 

• With custom VAT advisory services. 
• Recommending VAT registration for a single entity or a tax group. 
• Helping in application of reverse charge mechanism for Imports. Guidelines on Intra GCC trade. 
• Conducting internal VAT training building tax awareness among internal business staff members. 

Dealing taxes by oneself causes room for errors, penalties and can cause unwarranted delays due to lack of specific guidelines. 

Tax agents act as a long-term advisors and the benefits of hiring a tax agent outweigh the costs. Hiring one for yourself or your company is the best choice you can make.