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Tue 27 Feb 2018 05:35 PM

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UAE approves first batch of tax agents

Federal Tax Authority says agents will be 'key contributors to the successful implementation of the tax system in the UAE'

UAE approves first batch of tax agents

The Federal Tax Authority (FTA) has approved the first batch of registered tax agents, after meeting the required standards, conditions and qualifications, in addition to passing the authority’s tests.

Khalid Al Bustani, FTA director-general, said that agents are "key contributors to the successful implementation of the tax system in the UAE".

The agent may represent any entity or individual before the Authority, helping them meet their commitments and know their rights, state news agency WAM reported.

The registration of the first tax agents comes just weeks after the UAE launched value added tax (VAT).

Tax agents strengthen ties between the FTA and taxable individuals, he said, revealing that the authority is about to register a second batch.

They aim to help businesses achieve tax compliance, manage records, and avoid errors in registration and the filing of tax returns.

Younis Almulla, the first Emirati to become a tax agent, said: "Tax agents will play an important role in tax compliance, and as strategic partners for businesses, represent them in businesses entities and fulfil their tax obligations toward the authority, tax agents will provide a lot of services to business sector."

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