Responsibilities of a Tax Agent
A registered tax agent in the UAE is responsible for:
- Assisting businesses with VAT and corporate tax registration.
- Preparing and submitting tax returns on behalf of clients.
- Representing clients in tax disputes, audits, and FTA inspections.
- Ensuring businesses comply with record-keeping and tax documentation requirements.
- Advising on tax planning and compliance strategies to minimize tax risks.
- Liaising with the FTA on behalf of clients for any tax-related matters.
Benefits of Hiring a Tax Agent
Hiring a tax agent offers numerous advantages for businesses, including:
- Ensuring compliance with UAE tax laws to avoid penalties.
- Reducing the administrative burden of tax filings and reporting.
- Expert guidance on tax-saving strategies and risk mitigation.
- Representation in tax disputes and dealing with the FTA on behalf of the business.
How to Register as a Tax Agent with the FTA
To become a registered tax agent, applicants must follow these steps:
- Submit an application through the FTA’s online portal.
- Provide necessary educational and professional documents.
- Pass the FTA Tax Agent Exam. (PWC academy)
- Obtain professional indemnity insurance.
- Await approval from the FTA, after which the tax agent license is issued.
- Pay 3000 AED to FTA worth of the register as a tax agent every 3 years.
Conclusion
Becoming a tax agent in the UAE is a rewarding career path for tax professionals who meet the required qualifications and experience. With the UAE’s evolving tax landscape, businesses increasingly rely on tax agents to navigate complex regulations and maintain compliance. If you are considering becoming a tax agent, ensure you meet the FTA requirements and prepare thoroughly for the tax agent exam.
For businesses seeking tax assistance, hiring a registered tax agent ensures compliance with UAE tax laws while benefiting from expert advisory services.
