Do you require tax agent services in UAE to register for VAT implementation, compliance & its procedure? Read this to know more about VAT consultants in UAE

1. WHO ARE TAX AGENTS?
HOW THEY CAN HELP YOU IN
IMPLEMENTATION OF VAT
SYSTEM

2. The landmark Federal Law Number 7 of 2017 was issued last 11th of June
this year by the President His Highness Sheikh Khalifa bin Zayed Al Nahyan
regarding the value-added tax (VAT) procedures in the United Arab
Emirates (UAE). The foundations were laid in the tax system, and the
Federal Tax Authority’s function in this new regime was also expounded.
With the impending VAT implementation in the UAE, there are a lot of
things that should be learned by people that can definitely help them in
making it easier to deal with the tax system. Aside from VAT procedures
and registration in the UAE, a businessman should also be aware of
what Tax Agent is. Among the regulations and procedures stated in the
Law, the role of the Tax Agents is also established, providing specific
requirements regarding Tax Agents.
Who are tax agents? How they can help you in implementation
of vat system?

3. Identifying a Tax Agent
Article 1, Chapter 1 of the aforementioned law has the definitions and
scope of applications of the law. Among the definitions, “Tax Agent” is
explained 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 fulfillment of his Tax obligations and
the exercise of his associated tax rights states that a Tax Agent.”
Basically, Tax Agents are people who can represent taxpayers,
interacting with the Federal Tax Authority (FTA) directly.
Who are tax agents? How they can help you in implementation
of vat system?

4. Meaning of “Register of Tax Agents”
Federal Tax Authority shall have a Register of Tax Agents that have all
the information about the agents, wherein important matters regarding
them are filed based on Article 12, Part 2, Chapter 3 of the same law.
Who are tax agents? How they can help you in implementation
of vat system?

5. Registered Agents
The preparation for the upcoming VAT in the UAE is on the rise and
many are in need of help but not everyone can pose as a Tax Agent. In
light of this, according to Article 13, Part 2, Chapter 3 of this Law, the
person needs to be in the Register and be licensed by the Ministry of
Economy and the competent local authority for the profession.
Therefore, it is important to conduct checks and inspection as some
could be scammers that would put people at risk.
Who are tax agents? How they can help you in implementation
of vat system?

6. How to be a Legit Tax Agent?
There are a couple of conditions to be fulfilled before being a Tax Agent as
per Article 14, Part 2, and Chapter 3 of the law.
1. The following below should be met by the people that are planning to be
Tax Agents:
a) It is important for a Tax Agent to have good conduct and behavior and never have
been convicted of a crime or misdemeanor prejudicial to honor or honesty,
notwithstanding that he may have been rehabilitated
b) It is also important for a Tax Agent to hold an accredited qualification from a
recognized university or institute showing his specialization and practical
experience as specified in the Executive Regulations of this Law.
c) In addition, it is essential for a Tax Agent to be medically fit to perform the duties
of the profession.
d) And it is important for a Tax Agent to hold professional indemnity insurance.
Who are tax agents? How they can help you in implementation
of vat system?

7. 2. When a Tax Agent has ceased in practicing his profession as a Tax
Agent due to some hindrances, the FTA must be notified of the
period when he stops doing so. A request may be submitted to the
FTA to resume practicing as a Tax Agent when the aforementioned
hindrances have concluded.
3. Procedures for listing a Tax Agent in the Register and the rights and
obligations of the Tax Agent before the Authority and the Person
shall be specified in the Executive Regulations of this.
Who are tax agents? How they can help you in implementation
of vat system?

8. Appointing a Tax Agent
In accordance with Article 15, Part 2, Chapter 2 of this Law, a Tax Agent
may be appointed by someone to represent him directly to the FTA on
his behalf, handling his tax affairs without harming the person’s
responsibility to the FTA.
The FTA is not authorized to deal with a Tax Agent when the former is
informed by the person that the latter is representing that the contract
has ended between the person and the Tax Agent’s agency or if the Tax
Agent has been dismissed
Who are tax agents? How they can help you in implementation
of vat system?

9. Your Records with the Tax Agent
The Tax Agent will have stored the person’s information, and as per
Article 16, Part 2, Chapter 3 of this Law, when it requested by the FTA,
the Tax Agent must give all the information, documents, records, and
data required for the said person.
The FTA also has the right to use the documents or records of a person
that is with the Tax Agent for tax audit purposes, even if the Tax Agent
has been dismissed or their contract has expired.
Who are tax agents? How they can help you in implementation
of vat system?

10. Since the Tax Agents do all the tasks for the person or business, it will
be easier for them. Hence, if you are searching for VAT consultants in
Dubai or even in the whole UAE, we at FAR – Farhat Office & Co. can
conduct a consultation with you and act as your Tax Agent, handling all
your tax affairs and representing you directly to the FTA. You can
contact us and book a consultation here.
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Who are tax agents? How they can help you in implementation
of vat system?