vat return UAE

VAT Return in UAE: Questions Answered

VAT Return in UAE: Questions Answered

Do you have questions about VAT return in UAE? In this article, you’ll find all the essential information about the VAT return process in the UAE.

What Is VAT Return?

At the end of each tax period, a tax registered person must submit a VAT return to the FTA. It is a report that summarises the value of the supplies and purchases a taxable person has made during the tax period and shows the taxable person’s VAT liability.

A tax return is a written statement that is submitted periodically. It states the details and calculations of tax liability or refund that are to be paid to or received from tax authorities.

If the output tax exceeds the input tax amount, you must pay the difference to the FTA. And if the amount of input tax exceeds the amount of output tax, a taxable person will have excess recoverable input tax. Then that person will be able to set it off against subsequent payments due to the FTA or get a refund from the FTA.

VAT Return Filing

So how can you file a VAT return? VAT return filing must be done online through the FTA portal: eservices.tax.gov.ae. But before you file the VAT return form on the portal, you should make sure you have met all the tax return requirements.

Taxable businesses must file VAT returns with FTA on a regular basis. Usually, they must do it within 28 days of the end of the tax period defined for each type of business. A tax period is a specific time for which the payable tax must be calculated and paid. It differs for businesses of different sizes.

  • If a business has an annual turnover below AED150 million, the standard tax period is every quarter.
  • If a business has an annual turnover of AED150 million or more, the standard tax period is every month.

If you fail to file a tax return within the specified time frame, that will make you liable for fines as per the provisions of Cabinet Resolution No. 40 of 2017 on Administrative Penalties for Violations of Tax Laws in the UAE.

UAE VAT Return Format

The details and data that must be included in the VAT return for the purpose of tax are specified in the UAE VAT executive regulations. All the details that are required for VAT Return must be prepared in accordance with the UAE VAT Return format issued by the authority.

The VAT return form is at a summary level or a consolidated level. The registered person has to enter the following consolidated details of total supplies:

  • both purchases and sales
  • output VAT collected on supplies
  • eligible input VAT paid on purchases
  • the total tax due.

The form also includes details about the name, address, and tax registration number (TRN) of the registrant as well as the VAT Return period and the due date of submission and the tax period. These details are applicable to all VAT registrants and are pre-populated in the online form. In addition to the above-mentioned information, the return format also consists of other additional details:

  • Supplies subject to reverse charge provisions
  • Zero rated supplies
  • Exempt supplies
  • Goods imported into the UAE
  • Profit Margin Scheme applicability
  • Tax Refunds for Tourists Scheme

The registrant may save the online form as a draft and when all the required information has been satisfactorily entered, they may submit the form by clicking the “Submit” button.

How to Submit VAT Return in UAE

As we have already mentioned, VAT returns must be filed electronically through the FTA portal. A taxable person can submit the form themselves or delegate this right to another person who will do it on the taxable person’s behalf. That can be a tax agent or a authorized representative.

So how to submit a VAT return in UAE? To access the VAT return form, you should login to the e-Services portal using your registered username and password. Then you will need to navigate to the option to open your VAT return and fill in all the required details. When you finish, you have to click Submit. After submitting the return, you will receive an e-mail from the FTA confirming the submission of the VAT return form. Finally, you have to pay the due tax.

Dealing with VAT is a tedious, complex, and a rather time-consuming process. And you should remember that taxable businesses should keep their books in a well-organized manner to avoid penalties.

If you find VAT return too challenging, you may need professional guidance.

Contact us to schedule a free consultation to discuss how we can help you to establish a VAT-compliant accounting system.

VAT Return in UAE: Learn How We Can Help You

Beaufort Associates can help you to manage VAT obligations for your business in UAE. You can rely on our team during every stage of the VAT return process. We can advise you on your reporting deadlines to ensure you can avoid fines and penalties. Our highly-qualified and experienced consultants will work with you to prepare your VAT tax returns and arrange the VAT return filing with FTA on time.

If you need professional guidance and support with managing the VAT aspects of your business in UAE, please contact us any time.

The information provided herein is for the general information of the user and is provided in good faith. We make no representation or provide warranty of any kind, express or implied, regarding the adequacy, suitability, validity, or completeness of the information. Our advice in regard to UAE corporate tax and value added tax is based on our understanding of the relevant laws and the regulations issued. We cannot be held responsible for new regulations and/or interpretation of existing regulations by the FTA that is not consistent with our advice. Under no circumstance shall we have any liability to any user of this information or to third parties for any loss or damage of any kind incurred as a result of the use or reliance of this information.

VAT Certificate UAE

VAT Certificate in the UAE: A Comprehensive Guide [2024]

VAT Certificate in the UAE: A Comprehensive Guide [2024]

VAT Certificate is a crucial document for businesses engaged in taxable activities. Issued by the Federal Tax Authority (FTA), this certificate validates a company’s registration for Value Added Tax (VAT). It serves as proof that the business is compliant with VAT regulations and authorized to collect and remit taxes. Displaying the VAT Certificate is mandatory, enhancing transparency in commercial transactions. Timely application and adherence to regulatory requirements are essential to obtain and maintain this certificate, avoiding penalties.

As a VAT consultant, we emphasize its significance for businesses, ensuring seamless compliance and fostering trust in the UAE’s dynamic economic landscape.

What is the VAT Certificate in UAE?

VAT registration is a mandatory step towards obtaining a VAT certificate for companies and individuals doing business in the UAE.

The VAT Certificate UAE is a document that serves as an official confirmation that a business entity is registered under the VAT law for tax collection at every step of product development.

This certificate is the final step in the VAT registration process. The document is issued by the Federal Tax Authority and carries a unique number referred to as Tax Registration Number, often referred to as (TRN), that is evidence of the entity having been already registered for VAT.

You receive it once your VAT registration is completed successfully.

The VAT certificate contains the following important information:

  • Name, registered address and telephone number of VAT registrant
  • TRN number
  • Effective registration date
  • First VAT return period and VAT return due date
  • Start and end dates of tax periods

VAT Registration Certificate: How to Apply

In the UAE, businesses whose annual turnover exceeds the mandatory registration threshold of AED 375,000 and the voluntary registration threshold of AED 187,500 are allowed to apply for VAT registration.

How To Get VAT Certificate From (FTA) Portal

You can do it only online on the FTA portal and after you complete the required registration information, you can apply for the VAT Registration Certificate.

Here is how you can do that.

First, you have to create an e-Service account with FTA. You need to sign up, providing your e-mail details, and create a user name and password.

To apply for VAT registration, you need to login into your e-Service account using your login credentials and click on the Register for VAT button to start the registration process.

You should read the VAT Getting Started Guide to get a better idea of certain important requirements and the information you should have to provide.

You have to follow certain steps – you need to complete the registration form that contains eight sections, such as:

  • About the applicant
  • Details of the business/entity to be registered
  • Contact details
  • Banking details
  • Business relationships (optional)
  • About the VAT registration
  • Declaration
  • Review & submit

You can track your progress as you fill out the form. You need to fill all the section of online form. Keep in mind that you can move to the next sections only when you fill out all the mandatory fields of the current section.

All of them are marked with a red asterisk (*) if one or some of the mandatory fields are not filled out.

The portal is designed to alert you with a pop-up message indicating the relevant fields where you need to enter your details.

When you finish completing the registration form, you need to review all the details in all the sections, verify them, and complete the registration process by clicking the Submit for Approval button.

Remember: you should submit only if you are certain that all of the information is correct.

How To Register For VAT in UAE

VAT registration is not obligatory for all businesses operating in the UAE. However, businesses are required to register for VAT in the UAE if their taxable supplies and imports surpass AED 375,000.

Alternatively, businesses have the option to voluntarily register for VAT if their taxable supplies and imports exceed AED 187,500.

For VAT purposes, the UAE Federal Tax Authority (FTA) defines taxable supplies as:

“A supply of goods or services made by a business in the UAE that may be taxed at a rate of either 5% or 0%. Imports are also considered in this context, if a supply of such goods or services would be taxable if made within the UAE.”

In essence, VAT is collected by businesses from their customers and remitted to the government. VAT-registered businesses can also reclaim any VAT paid to their suppliers from the government.

Required Documents and Forms for VAT UAE

It is imperative to compile the following information in a suitable format and integrate it into your online application:

1. Valid trade license(s)
2. Passport/Emirates ID of the authorized signatory(s)
3. Proof of authorization for the authorized signatory(s)
4. Contact information
5. Bank letter validating the bank account details of the applicant

Depending on the registration basis, additional pertinent documents may be required:

For taxable supplies (applicable to all legal types except Federal and Emirate Government):

– Audit report (audited or non-audited financial statement)
– Self-prepared calculation sheet, including details to compute taxable/zero-rated supplies based on financial records
– Revenue forecast with supporting evidence (e.g., Local Purchase Order or Contract)
– Monthly turnover declaration for specified periods, signed and stamped by the authorized signatory on the entity’s printed letterhead
– Supporting financial documents (e.g., invoices/LPOs/contracts/title deed/tenancy contracts)

For taxable expenses (applicable to all legal types except Federal and Emirate Government):

– Audit report (audited or non-audited financial statement)
– Expense budget report

Additional documents may include:

– Articles of Association/Partnership Agreement (if applicable)
– Certificate of Incorporation (if applicable for Legal Person)
– Documents showing ownership information of the business
– Customs details (if applicable)
– Power of Attorney documents (if applicable)
– Club, charity, or association registration documents and supporting evidence (applicable if you selected “Legal person – Club, Charity, or Association”)
– A copy of the Decree (applicable if you selected “Legal person – Federal UAE Government Entity” or “Legal person – Emirate UAE Government Entity”)
– Other relevant documents providing information about your organization, its activities, and size (applicable if you selected “Legal person – Other”)
– A scanned copy of the Emirates ID and passport of the manager, owner, and senior management
– A scanned copy of the land/property title deed (applicable if you selected “Legal Person – Incorporate/Legal Person – Club or Association/Legal Person – Charity/Legal Person – Federal UAE Government Entity/Legal person – Emirate UAE Government Entity/Natural Person”)

How to Download VAT Certificate in UAE

So how to get your certificate? Here is the Updated procedure.

How to Get a VAT Registration Certificate through EmaraTax?

To get your VAT Registration certificate if you’ve been a taxpayer before, follow these simple steps:

1. Log in to the EmaraTax Platform using your Emirates ID, UAE Pass, or your taxpayer account.

2. Once you’re in the dashboard, you’ll find the VAT registration certificate under the “My Correspondences” section of your Taxable Person account.

3. Click on the certificate, and then download it in PDF format.

Important note: If you’ve used the system before and your tax registration certificate wasn’t previously accessible as a PDF in your dashboard, you won’t find it in your EmaraTax dashboard.

In this situation, to obtain an updated registration certificate, you’ll need to submit a VAT registration amendment application through EmaraTax. This application should include any updated information, such as your trade license, Emirates ID, contact details, and so on. Your registration certificate will be issued once the FTA (Federal Tax Authority) approves your application.

How to download the VAT return in Emaratax?

Currently, the FTA permits the download of an acknowledgment exclusively for submitted returns in EmaraTax.

To accomplish this:

  • Log in to Emaratax.
  • File for VAT Returns, ensuring the inclusion of the necessary documents.
  • Fulfill the payment process.
  • Following the submission of your VAT return, locate the acknowledgment screen.
  • Click and download the acknowledgment screen.

Furthermore, the FTA will dispatch an email to verify the submission of your refund in EmaraTax.

Do you need help with registering your business for VAT and getting the tax certificate?

Contact us to schedule a free consultation to learn how we can help you to register for VAT and ensure compliance with the VAT rules and regulations.

Learn More about What We Offer

You can benefit from our comprehensive management consulting and business advisory services in UAE.

Beaufort Associates has a great team of experienced VAT consultants that can assist our clients in applying for VAT Registration and getting VAT Certificate. We also offer assistance with accounting and bookkeeping.

Our experts are dedicated to providing you with world-class services tailored to the specific needs of your business.

We will provide you with professional advice to help you understand the taxation system and ensure that you always remain compliant with VAT laws in UAE. We also offer the necessary accounting and invoicing guidelines under VAT and support for preparing and filing the first VAT return.

Contact us to request a free initial consultation today!

The information provided herein is for the general information of the user and is provided in good faith. We make no representation or provide warranty of any kind, express or implied, regarding the adequacy, suitability, validity, or completeness of the information. Our advice in regard to UAE corporate tax and value added tax is based on our understanding of the relevant laws and the regulations issued. We cannot be held responsible for new regulations and/or interpretation of existing regulations by the FTA that is not consistent with our advice. Under no circumstance shall we have any liability to any user of this information or to third parties for any loss or damage of any kind incurred as a result of the use or reliance of this information.

how to pay vat in uae

How to Pay VAT in UAE: Everything You Should Know

How to Pay VAT in UAE: Everything You Should Know

Value Added Tax (VAT) is a general consumption tax introduced in the UAE on 1 January 2018 with a rate of 5%, and it applies to the majority of transactions in goods and services. Are you looking for advice on how to pay VAT in UAE? In this article, you’ll find all the necessary information on how to do it right.

Besides, businesses may choose to register for VAT voluntarily if the total value of their taxable supplies and imports (or taxable expenses) exceeds the voluntary registration threshold of AED 187,500.

Here is how it works.

  • UAE imposes VAT on tax registered businesses on a taxable supply of goods or services at each step of the supply chain.
  • Businesses pay the government the tax that they collect from their customers.
  • At the same time, they receive a refund from the government on the tax that they have paid to their suppliers.

VAT Filing in UAE

VAT registered businesses must submit a VAT return to Federal Tax Authority (FTA) at the end of each tax period. VAT filing in UAE is done electronically through the FTA portal. The return can be submitted by the taxable person or another person who has the right to do so on the taxable person’s behalf. For example, you can hire a tax agent or an authorized representative to do it for you.

Taxable businesses must file VAT returns with FTA and pay the tax within 28 days of the end of the tax period as determined by FTA for each business. If that date falls on a public holiday or weekend, it must be submitted on the next working day after the holiday or weekend.

The standard tax period is:

  • quarterly for businesses with an annual turnover below Dh150 million
  • monthly for businesses with an annual turnover of Dh150 million or more.

VAT Submission UAE

The businesses are required to file VAT return online using the Federal Tax Authority (FTA) portal. The FTA Portal is designed to accept the returns only through online mode because offline capabilities to file VAT return through XML and EXCEL are currently not available. That means that taxpayers have to manually provide the values of Sales, Purchase, Output VAT, Input VAT, etc., in the appropriate boxes of the VAT return form available on the FTA portal.

The VAT Return form is named “VAT 201”. You need to fill it and submit it online. The Form VAT 201 has seven sections:

  • Taxable Person Details
  • VAT Return Period
  • VAT on sales and all other outputs
  • VAT on expenses and all other inputs
  • Net VAT Due
  • Additional reporting requirements
  • Declaration and Authorized Signatory

Each of these sections consists of different fields where taxpayers have to provide the details to complete the VAT Tax return filing.

Before submitting the VAT Return, you should take utmost care in verifying all the details. You should click the Submit button only when you are sure that all the information is correct. After the successful filing of the VAT Return, you will receive an e-mail from FTA confirming the VAT Return submission.

Thinking of outsourcing your tax work to ensure that your VAT is calculated correctly?

Reach out to learn how we can help you to establish and implement VAT compliant accounting system and processes.

How to Pay VAT in UAE

If the output VAT in VAT return is higher than the recoverable input VAT, the difference will result in a VAT liability, and it needs to be paid to the FTA. Registered businesses must pay their due tax to the Federal Tax Authority, using one of the following options:

  • locally issued UAE bank credit card
  • bank transfer
  • e-Dirham card

When you make VAT payments using your e-Dirham card at the e-Service portal, you will have to pay a transaction fee of AED 3. A payment using a credit card will typically incur a charge between 2% – 3% of the total payable amount.

It is possible to make partial payments. But you should make sure you pay the entire amount before the due date because there are penalties for late filing of a return or late payment of VAT. Besides, a taxable person may be subject to a penalty if the information submitted in a VAT return is incorrect.

And remember that although tax returns must be submitted and paid electronically, you must keep accounting records and documents relating to business activities properly. That will allow the FTA to check that you have got everything right.  These business records include such documents as the balance sheet, profit and loss account, payroll records, wages, fixed assets, records and inventory statements.

Learn How We Can Help in Filing VAT

Beaufort Associates offers world-class business advisory, management consulting, and VAT consultancy services for businesses in different industries in the UAE. Our experts know all the intricacies of the UAE tax laws and regulations. They can provide you with VAT compliance support and guidance to ensure that your company meets all regulatory requirements.

We will provide you with accounting advice and work with your team to prepare the VAT return. We will also facilitate the filing of the VAT return with the tax authorities after your approval. Contact us for a free initial consultation if you need reliable help to manage your business’s VAT aspects.

The information provided herein is for the general information of the user and is provided in good faith. We make no representation or provide warranty of any kind, express or implied, regarding the adequacy, suitability, validity, or completeness of the information. Our advice in regard to UAE corporate tax and value added tax is based on our understanding of the relevant laws and the regulations issued. We cannot be held responsible for new regulations and/or interpretation of existing regulations by the FTA that is not consistent with our advice. Under no circumstance shall we have any liability to any user of this information or to third parties for any loss or damage of any kind incurred as a result of the use or reliance of this information.

vat in dubai

VAT in Dubai: How It Works

VAT in Dubai: How It Works

A value-added tax or VAT is a general consumption tax on the consumption of goods and services, applied at each stage of the supply chain. It is based on the value added at each stage from production to the point of sale. More than 160 countries around the world use value-added taxation.

The UAE introduced a value-added tax on January 1, 2018, together with other GCC states in order to diversify their economies and reduce their dependence on oil. In this article, you can find information about the specifics of the VAT in Dubai and the GCC region.

UAE VAT Law

The UAE VAT law came into effect on January 1, 2018. It sets out the framework within which value-added tax is levied in the UAE.  

VAT registered businesses collect the tax on behalf of the UAE government, and consumers bear the VAT in the form of a 5% increase in the cost of taxable goods and services. Businesses are required to be clear about how much VAT a customer has to pay for each transaction.

VAT-registered businesses must report the amount of value-added tax they have charged and the amount of value-added tax they have paid to the government on a regular basis. The reporting is done online.

If you have charged more VAT than you have paid, you have to pay the difference to the government. If you have paid more tax than you have charged, you can reclaim the difference.

Most taxable persons are required to file a quarterly VAT return (3 calendar months), with the quarter ending date as determined by the Federal Tax Authority (FTA). The FTA may exceptionally require the taxable person to file a monthly return. The tax return for a quarterly, monthly or other period as determined by the FTA must be submitted, together with tax due, if any, within 28 days following the end of the tax period. Failing to file a tax return within the specified time frame will lead to fines. It’s crucial to have a trustworthy VAT consultant to avoid any issues.

VAT in GCC Region

The UAE coordinates VAT implementation with other GCC countries. All six GCC member states signed the Common VAT Agreement in June 2016. They agreed that each GCC Member State would introduce a VAT system at a rate of 5%.

Three of the states – the UAE, Kingdom of Saudi Arabia, and Bahrain – have already implemented VAT after signing the VAT GCC Framework. But there has been much debate over the most suitable timing for implementation of VAT in the remaining states.

Here is what we know at the time of writing.

  • Oman will introduce its new VAT system in April 2021.
  • Qatar is currently expected to implement VAT in the second or third quarter of 2021.
  • Kuwait is expected to implement VAT by 2022.

Saudi Arabia tripled value-added tax to 15% in July 2020 as a part of measures to support its economy and to shore up state finances, but the Kingdom could review VAT increase after Covid-19 pandemic ends.

Since the UAE economy is already partly diversified and has non-oil revenues, the government has no plans to raise VAT to more than 5%.

Do you need professional guidance to ensure you are compliant with your VAT obligations?

Contact us and schedule a free consultation to learn how we can help you to establish and implement VAT compliant accounting system and processes.

VAT Threshold in the UAE for Businesses

Businesses can register for VAT through the eServices section on the FTA website. So what are the criteria for registering?

The mandatory VAT threshold in the UAE is AED 375,000 per year. Also, if the businesses anticipate that the total value of supplies will exceed the mandatory registration threshold of AED 375,000 in the next 30 days, then they have to register for UAE VAT.

VAT registration is optional for businesses whose supplies and imports exceed AED 187,500 per year. Non-resident companies or individuals with economic activities in the UAE are also required to register for VAT.

VAT Implementation in the UAE

Businesses need to understand their obligations in respect of the registration and compliance issues that are mandatory and take necessary steps for VAT implementation into their operations. It’s also important to stay updated about VAT in UAE latest news. That will allow you to be informed about possible changes in the VAT Implementation in the UAE.

Businesses must levy VAT on their goods and services at each transactional stage, from raw materials to finished products. According to the regulations, businesses are responsible for carefully documenting their business income, costs, and associated VAT charges.

That means that you must properly keep business records that will allow the government to check that you have the right documentation. These accounting records and documents relating to business activities include the balance sheet, profit and loss account, payroll records, wages, fixed assets, records, and inventory statements.

UAE VAT Implementation Services: What We Offer

Do you think that managing VAT obligations is too challenging for your business? Beaufort Associates provides VAT Implementation Services in the UAE. Our financial consultants are fully qualified and trained to assist you in adopting the necessary changes relevant to GCC’s new tax policy and guide you on the Do’s and Don’ts of the system.

We offer professional VAT compliance support and advice tailored to your business needs. Our team can help you to comply with the VAT taxation rules and regulations.

Here is what we can do for you:

  • Help you to register with the FTA;
  • Advise you on your reporting deadlines;
  • Provide guidelines to avoid fines and penalties;
  • Provide you with accounting support to ensure proper recording of VAT;
  • Work with you to prepare the VAT tax returns;
  • Arrange to file the VAT return with the tax authorities.

If you need help to manage the VAT aspects of your business in the UAE, feel free to contact us today and request a free initial consultation! We would be glad to assist you.

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The information provided herein is for the general information of the user and is provided in good faith. We make no representation or provide warranty of any kind, express or implied, regarding the adequacy, suitability, validity, or completeness of the information. Our advice in regard to UAE corporate tax and value added tax is based on our understanding of the relevant laws and the regulations issued. We cannot be held responsible for new regulations and/or interpretation of existing regulations by the FTA that is not consistent with our advice. Under no circumstance shall we have any liability to any user of this information or to third parties for any loss or damage of any kind incurred as a result of the use or reliance of this information.

Tax Agent in UAE

Tax Agent in UAE: Tax Advisory Services Dubai

Tax Agent in UAE: Tax Advisory Services Dubai

Do you have a business in the UAE and are unsure whether you need to hire a registered tax agent to assist you in compliance under VAT? Read the article to learn about the responsibilities of a tax agent in the UAE registered with the Federal Tax Authority (FTA).

What Is Tax Agent in UAE?

A tax agent in UAE is a person registered with the tax authorities who represents their clients in front of the tax authorities when they authorize a tax agent to do so. A tax agent takes care of the client’s tax obligations and performs various legal activities prescribed by the Law. A tax agent can help you smooth the VAT process and may act as a mediator between you and the Federal Tax Authority.

What Are the Roles and Responsibilities of a Tax Agent?

Tax agents in the UAE are responsible for assisting their clients in fulfilling their tax-related obligations and helping them to satisfy the provisions of the VAT Law.

So what can they do for you?

  • They help achieve tax compliance, carry out legal activities, manage financial records related to tax transactions, and prepare and file a VAT return.
  • Tax agents can provide proper advice and interpretation of the UAE VAT Law.
  • They can play a key role during the tax audit conducted by the FTA.
  • Tax agents in the UAE can provide all information, documents, records, and data regarding the Taxable Person they represent if the FTA requests it.
  • Tax agents can inquire about tax-related matters with the FTA and submit requests for reconsideration of decisions issued by the FTA.
  • They can also help their clients better plan their taxes and differentiate between the Dos and Don’ts.

Tax agents must maintain the confidentiality of any information obtained in the course of performing their duties. They should refuse to participate in any activity or work, which may result in a breach of any law established by the authority.

Should You Hire a Tax Agent in Dubai?

Paying taxes is compulsory for any business in the UAE, as this revenue is used for the development of the country. Any taxable person in the UAE has the right to appoint a registered tax agent to handle their tax affairs with the authority. But the responsibility of the taxable person in relation to the authority will remain even after appointing a tax agent.

Generally, you may need to hire a tax agent in situations when there is a tax dispute or tax appeal with complexity. But for day to day tax compliance, tax agent services are not necessarily required. In fact, any taxpayer can directly interact with the tax authorities even for tax disputes and appeals without the need for a tax agent.

Still, you may find it challenging to manage tax obligations for your business in the UAE.

Need assistance to ensure your business is compliant with its tax obligations??

Contact us to schedule a free consultation and learn how we can help you manage your company’s taxes.

How to Become a Registered Tax Agent

A person who is registered with the FTA, as well as obtained a license from the UAE Ministry of Economy or from any other relevant authority, can practice as a tax agent in the UAE. A person who wants to register as a tax agent in the UAE has to fulfill the following conditions according to the Law.

  • They must be of good conduct and behaviour and, in addition to this, they should not have been involved in any criminal or illegal activity.
  • They should be qualified to perform the functions and duties of the profession as specified in the Executive Regulations. That means a person should hold a certified bachelor or master’s degree in tax, accounting, or Law from a recognised educational institution. If the applicant holds a bachelor’s degree in any other field, they should submit a tax certification from an internationally recognised tax institute.
  • They should hold a certificate providing evidence of recent relevant experience of at least three years in tax, accounting, or Law.
  • A person must provide a certificate that proves their verbal and written communication skills in both Arabic and English.
  • They are required to pass the FTA’s Tax Agent exam.
  • They must be physically and medically fit to perform the duties required by profession.
  • A tax agent working in the UAE must also hold professional indemnity insurance.

Any person who wants to be a tax agent and has met those requirements can submit an application and apply for registration. The FTA has the right to request more documents that they consider necessary that can help them to decide whether they should approve or reject the application. The FTA is expected to provide a decision within or after 15 working days from the date when the application is submitted.

Let Beaufort Associates Handle Your Taxation Duties

Beaufort Associates provides management consulting, business advisory, and VAT consultancy services for businesses in different industries in Dubai and the GCC region. We can also help you to establish an effective accounting system and processes.

We have an excellent reputation for delivering world-class services to the business community. With more than 20 years of experience, we can ensure you’ll always get the best guidance in any aspect of managing your business.

Our tax consultants know the intricacies of the UAE tax laws and regulations and can help you navigate an increasingly complex tax environment. They can provide you with professional advice to address your tax-related issues and guide you for better VAT compliance step-by-step.

Our experts will help you manage your taxes using the best strategic tools most cost-effectively. They will help you with up-to-date information regarding any taxation policy changes and ensure that your company meets all regulatory requirements.

If you need additional information about our services, contact us today!

Looking For Top Notch TAX Consultancy Service in Dubai ?

Tax Agent Services

Beaufort Associates is a certified Tax Agent in the UAE. Our team of Tax Experts has successfully managed numerous situations and offered the most appropriate solutions to companies, ensuring that businesses can consistently operate smoothly and efficiently.

Beaufort tax agents can also assist you in comprehending the new Corporate Tax Law, gaining insights into UAE Corporate Tax, and determining the optimal approach for implementing corporate tax in your business.

Beaufort is an FTA Approved Tax Agency in Dubai, and as a registered Tax Agent in the UAE, we guarantee VAT compliance to support all types of businesses.

Advantages of Hiring a Tax Agent in UAE

A tax agent can manage all of a company’s tax-related matters, allowing business owners and key management personnel to concentrate on other crucial responsibilities.

The following are the key advantages of hiring a tax agent in the UAE:

1. Assists in Tax Preparations, Assessments & Representations: A tax agent aids in preparing tax documents, conducting assessments, and representing the company in tax matters.

2. Helps You Save Money and Time: By handling tax affairs efficiently, a tax agent can help save both money and time for the business.

3. Assists in Tax Registration, Implementation, and Compliance: Tax agents provide guidance on tax registration, assist in implementing tax strategies, and ensure compliance with tax regulations.

4. Assists You in Filing Your Returns Timely & Accurately: Tax agents help businesses file their tax returns promptly and with precision, minimizing the risk of errors and penalties.

5. Acts as a Long-Term Advisor: A tax agent can serve as a long-term advisor, offering insights and strategies to optimize the company’s tax position over time.

Tax Agent Services in UAE

It is strongly advisable for companies and individuals subject to taxation to engage the services of a tax agent.

Companies may not always have the focus or time to address their tax obligations, making it highly beneficial to appoint a tax agent to handle tax matters on their behalf.

Our highly experienced and professional tax consultants played a crucial role in the successful implementation of VAT in the UAE.

They have provided invaluable support to the business community in understanding the laws and regulations surrounding taxation.

Beaufort Associates boasts qualified tax consultants in the UAE who possess in-depth knowledge of UAE tax laws and regulations specific to the region.

As one of the leading tax agents in Dubai, we offer the best and top-notch tax agent services in the UAE.

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