The Benefits of Appointing a Tax Agent in UAE

Make your tax lifecycle stress free with a certified tax agency

Managing tax affairs and ensuring compliance with the Federal Tax Authority (FTA) in the UAE can be a complex and time-consuming task for businesses. To alleviate the burden and ensure proper tax compliance, many companies are turning to certified tax agencies, who offer a range of valuable services provided by qualified tax professionals, lawyers and accountants. Let's explore the benefits of appointing a certified tax agency for your business:

1. Expert guidance on VAT compliance: certified tax agencies review your company's compliance framework, identifying areas of non-compliance and helping rectify any issues. With their expert knowledge of the UAE tax laws, they ensure accurate tax remittance, optimize costs, mitigate risks and help you avoid penalties for non-compliance.
2. Navigating complex VAT implications: the UAE's VAT laws can be intricate, especially when it comes to the implications of various business transactions. Tax agencies provide comprehensive transaction advisory services, guiding you through the complexities and offering expertise from initial impact assessment to post-transaction effects.
3. Assistance during FTA audits: facing an FTA audit can be daunting, but certified tax agencies such as MBG have experienced tax agents who can assist you throughout the audit process. They help you identify disparities in your tax policies and procedures, ensuring compliance with the UAE tax laws and making the audit experience smoother.
4. Voluntary disclosure support: if your company has inadvertently violated tax provisions or made mistakes, a certified tax agency can guide you through the voluntary disclosure process. They help you submit the disclosure accurately and proactively, minimizing penalties and resolving issues in a timely manner.
5. Efficient VAT refund claims: tax agencies leverage their network of tax professionals to assist in VAT refund claims. By developing or improving your VAT refund processes, they reduce administrative costs, expedite claim submissions and increase the chances of successful refunds.
6. Reconsideration requests for penalty waiver: if you disagree with a penalty decision from the FTA, a certified tax agency can file a reconsideration request on your behalf, advocating for penalty waiver, if deemed appropriate.
7. Assistance with VAT administrative exceptions: navigating VAT administrative exceptions and concessions can be intricate. Tax agencies help determine your eligibility and assist in the application process, ensuring you benefit from relevant exceptions as per the laws and regulations.
8. Tailored training and workshops: certified tax agencies provide necessary VAT-related training and workshops for your functional teams. It empowers your staff to understand tax requirements better and helps maintain ongoing compliance.
9. Stay updated on FTA amendments: tax laws and regulations can change, and it's crucial to stay informed. Tax agencies keep you updated on relevant FTA press releases, circulars and amendments, ensuring you stay compliant with the latest requirements.
10. Efficient VAT registration amendments: should you need to make amendments to your VAT registration, a certified tax agency can support you in submitting accurate and timely applications.

In conclusion, appointing a certified tax agency like MBG Corporate Services can be highly advantageous for businesses. With their expertise, guidance and comprehensive services, we help you achieve proper tax compliance, save time and effort, and navigate the complexities of the UAE tax landscape effectively. By entrusting your tax affairs to a qualified tax agency, you can focus on your core business activities while having peace of mind knowing that your tax matters are in capable hands.