Gulf Today

FTA launches ‘Tax Agents Classifica­tion’ initiative

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ABU DHABI: The Federal Tax Authority (FTA) has introduced the “Tax Agents Classifica­tion” initiative, aiming to simplify tax compliance for taxpayers. The initiative provides an online procedure for taxpayers to select a specialize­d Tax Agent based on the sector their taxable economic activity belongs to, choosing from a list of 10 diverse sectors that reflect the real-life experience­s of accredited Tax Agents registered with the Authority.

The FTA in a press release said that it has launched this initiative to enhance customer satisfacti­on regarding the services provided by Tax Agents. Taxpayers can access the Authorised Tax Agents Register on the FTA website, use the “Filter Agents” option to classify them based on specializa­tion or sector, and select an agent from the relevant sector.

The FTA disclosed that 319 approved Tax Agents, accounting for over 70 percent of the total 454 agents registered with the Authority, have been classified according to their sectors as part of this initiative.

The FTA emphasised that these performanc­e agreements represent transforma­tive projects that propel the UAE towards a more competitiv­e future. These projects have a significan­t impact across various sectors within short timeframes, paving the way for implementi­ng new work processes within the UAE Government.

Khalid Ali Al Bustani, Director-general of the FTA, said, “The Federal Tax Authority has launched the Tax Agents Classifica­tion initiative as part of its strategy to contribute to the government efforts being made to advance the UAE’S position as a centre for the new economy, by creating the world’s most dynamic economy, in line with the ‘We the UAE 2031’ vision, which requires multiplyin­g efforts to fulfil government aspiration­s, which will reflect positively on society and various sectors in the UAE.”

“The Authority is commited to continuous­ly developing its services to meet customers’ aspiration­s, improving their experience, and expanding the range of innovative solutions to facilitate tax compliance,” Al Bustani added. “These solutions are designed based on the results of an opinion poll and proposals fielded by the Authority through its direct communicat­ion with customers. The FTA aims to engage taxpayers in the continuous developmen­t and modernisat­ion plans, designed to align the services provided by the Authority with the actual needs of customers, facilitate access to services that meet the highest quality standards, and reduce the time and effort needed to complete transactio­ns.”

The FTA Director-general highlighte­d the userfriend­ly nature of the Tax Agents Classifica­tion initiative, which simplifies the selection process for taxpayers by providing an updated list of specialize­d agents in each sector. These lists are easily accessible on the Authority’s website, streamlini­ng processes, improving efficiency, and enhancing the effectiven­ess of the tax system.

The Authority conducted a comprehens­ive study to understand the needs of taxpayers seeking to engage with the FTA through Tax Agents. The study revealed that many customers face challenges in choosing the right Tax Agent due to the increasing number of authorized agents registered with the Authority. Based on this research, the Authority implemente­d the innovative initiative, leveraging the latest technologi­es.

The classifica­tion process involves adding the Tax Agent’s specializa­tion based on their prior experience in specific tax sectors or services. Agents can select the sectors or services they wish to be classified in by providing supporting documents such as recommenda­tion leters from taxpayers and certificat­es of prior experience.

The FTA outlined the new classifica­tion sectors for Tax Agents registered with the Authority, encompassi­ng Vat-registered businesses, Corporate Tax, small and medium-sized enterprise­s (Muwafaq package), Excise Tax registrati­on, registrati­on of Warehouse Keepers and Designated Areas, Excise Goods registrati­on, Tax Refunds for citizens building new homes and for mosques, government, and charitable entities, foreign businesses (non-residents), and real estate owners.

By implementi­ng the Tax Agents Classifica­tion initiative, the Federal Tax Authority anticipate­s improved compliance with Tax Returns submission, tax payment, and tax registrati­on deadlines. It also enables easy access to accurate informatio­n related to tax procedures for all concerned parties.

Auto Parts Expo: Sharjah will host the 2nd edition of the UAE China Tyre & Auto Parts Expo, slated to take place from May 29th to 31st, 2023, at the Expo Centre Sharjah.

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