Tax Agent Service
- 2019-01-16
- Posted by: admin
- Category: Tax
Appointing a Tax agent in the UAE is recommended for companies and other taxable persons. It will not be always possible for the companies to look after the issues on tax matters and resolve it with the concerned authority (FTA) by itself. It is necessary for the companies to appoint an expert to handle tax matters. By appointing a Tax Agent in the UAE by any taxable person (company or individual), he can count the following benefits:
Some of the documents may have to be given in Arabic language to the concerned authority. The tax agent will be an Arabic proficient professional and hence the taxable person need not bother if he doesnt have records in Arabic.
All the documents and records are to be maintained for 5 years (in the case of Real Estate Companies for 15 years). Hence appointing a dedicated person Tax Agent will give more comfort for the taxable person on compliance requirements of the law in long term.
Tax agent will be always updating himself on the latest changes in the law and hence the penalty on noncompliance of the new provisions of the law will be eliminated.
Appointing a Tax Agent or at least a Tax Consultant will help the taxable person to identify the right Dos and Donts which will result in better tax planning.
Tax Agent can represent the taxable person in front of the Federal Tax Authority and hence if any assessment notice or notice for tax audit comes in future for the assessee, the experienced Tax Agents service will be crucial.
As per the article 14 of the federal law no 7 of 2017 and article 10 on the executive regulations specifies the procedure for listing a Tax agent in the register and the rights and obligations of the tax agent before the authority and the taxable person. The procedure for registering tax agents is already opened. ALBERTS is one of the registered tax agent in the UAE to serve the business community better, ALBERTS Taxation Procedures Follow up LLC.