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Introduction to VAT in the UAE
There is no doubt that VAT in the United Arab Emirates is relatively new for everyone, as it has been imposed in the UAE only since early 2018. Moreover, the notion of a UAE-recognized tax agency was introduced for companies and organizations even before the creation of the tax system. Consequently, the Federal Tax Authority (FTA) notified all businesses about the importance of tax agents, highlighting the potential problems and challenges that may arise and impact companies. Therefore, being a recognized national tax agency means that the firm fulfills the stringent governmental criteria for becoming a tax officer in the UAE.
Designating a Tax Agent
Taxable individuals may, on their own and in their own name, designate a tax agent to operate. However, obtaining the Federal Fiscal Authority’s approval as a “certified tax officer” in the UAE is challenging. In fact, there are numerous requirements to fulfill, including passing an exam, for anyone aspiring to become a tax officer.
Tax Agent Services Offered by Parker Russel
Parker Russel provides a comprehensive range of services as registered tax agents in the UAE. Specifically, these services include:
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Assisting individuals in complying with their contractual fiscal duties.
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Registering companies with the FTA after they meet the registration criteria.
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Consulting companies on complex tax issues and situations.
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Supplying the FTA, on request, with any required information, papers, documents, or data.
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Submitting requests for re-examination in cases of sanctions or other FTA rulings.
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Representing customers and supporting them throughout the Tax Audit process.
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Preparing and providing VAT returns based on accurate accounting records and documents.
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Preparing and submitting applications for a VAT refund in the event of a surplus of recoverable VAT.
Why Parker Russell?
Parker Russel is a group of qualified tax officers in the United Arab Emirates. Our Tax Experts have managed and regulated a range of circumstances and supplied companies with the most efficient and effective solutions to ensure their continuous operation. For our customers, the only thing we can do is make sure that we obtain the most effective and timely services without sacrificing quality.
Selection of a Tax Officer in the UAE
Under Article 15(1) of the Tax Procedure Law an individual may, without denying responsibility for such persons before the FTA, allow a tax agent to serve as his/her representative. Furthermore, in accordance with Article 15(2), Tax Procedure Law, the FTA cannot contact the tax agent when someone tells the FTA that their engagement with the tax agency is over. We at Parker Russel provide
- Tax Advisory Services
- VAT Implementation Services
- Tax Compliance Services
- Tax Advisory Services
- VAT Return Filing
For more details and consultation visit our Tax Agent Services page
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