VAT Update

Federal Tax Authority Meets with 20 Accredited Tax Agents, Calls for Greater Compliance and Tax Awareness Among Businesses
(April 16, 2018)


H.E. Khalid Al Bustani:
• Tax Agents play a great role in strengthening the relationship between the Authority and Taxable Persons.

Dubai, April 16, 2018 – His Excellency Khalid Ali Al Bustani, Director General of the Federal Tax Authority (FTA), held a meeting with 20 accredited tax agents to discuss their duties in terms of spreading awareness among businesses, supporting them in complying with the tax system, and strengthening the relationship between the FTA and Taxable Persons.

The meeting went on to explore the means of increasing cooperation and coordination among all stakeholders in order to increase compliance and spread awareness around the tax system, its principles, and ways to implement and monitor it. Furthermore, the tax agents were introduced to the support services provided by the Authority to help taxpayers comply with the laws, while ensuring minimum impact on their activities.

“The Tax Agent’s profession requires advanced qualifications, know-how, competencies and practical experience in order to be able to perform his/her role with accuracy, and to meet stringent standards,” asserted H.E. Al Bustani, adding that Tax Agents registered with the Federal Tax Authority can be assigned to any person or entity for the purpose of representing them with the Authority, and assisting them in carrying out their obligations and exercising their tax rights.

H.E. noted that the Authority has prepared and published a large number of guides covering all legislative and executive aspects of the local tax system, such as import declaration; registering for excise tax; registering for VAT; tax groups; filing tax returns; and information on warehouse keepers and designated zones.

The FTA Director General called on Tax Agents to take advantage of these manuals and publications and study them extensively in order to increase awareness and know-how among workers in these vital sectors, and thoroughly educate them about the UAE tax system, legislations and procedures. This, in turn, allows Agents to provide more accurate and comprehensive information to their customers.

The Federal Tax Authority has accredited 21 Tax Agents who met the technical standards, conditions and qualifications required, and passed the exams prepared by the FTA to determine their ability to carry out their mandate, and help the business sectors comply with their tax obligations. Another 56 Agents remain under process.

For their part, the Tax Agents stressed the importance of this meeting, pledging to do everything in their power to help businesses comply with tax regulations, providing them with counsel and representing them. The end goal being to help these businesses carry out their duties and obligations towards the Authority.

The Federal Tax Authority has outlined 7 mandatory basic standards that must be met by candidates applying for the Tax Agents’ registry, including having a Bachelor or Master degree in tax, accounting or law from a recognised educational institution; or a Bachelor’s degree in any other field plus a tax certification from an international known institute; in addition to at least three years of practical experience in the field of taxation, legal accounting or law. He/she must be fluent in both Arabic and English; and meet all the qualification standards set by the Authority.





DubaiCityGuide.com is owned and managed by Cyber Gear






We accept guest posts. Contact us now!
PUBLISHING PARTNERS
Interesting Links

Webinar Software
ONLY webinars
4.0 Revolution
Adam Vital Hospital
ABLE
www.dubairestaurantsguide.com
Bayzat - Health Insurance UAE
Corporate Gifts
Middle East News
For work in the UK, CRB Checks and DBS Checks are mandatory. Click here for details.

GuestPosts