Khaleej Times

Registrati­on opens for tax agents

- Staff Report

abu dhabi — The Federal Tax Authority (FTA) has officially opened registrati­on for individual­s who are interested in working as tax agents and for tax accounting software vendors.

The FTA is also providing the necessary technical support to help these vendors as they assist UAE-based businesses to comply with tax regulation­s.

In a statement on Saturday, the FTA has defined standards and specificat­ions that must be met by the tax agent, who is defined by Federal Law No. (7) of 2017 on Tax Procedures as any person registered with the authority in the register, who is appointed on behalf of another person to represent him before the authority and assist him in the fulfilment of his tax obligation­s and the exercise of his associated tax rights.

This step comes as part of the authority’s commitment to providing the necessary technical support and implement a tax system that adheres to internatio­nal best practices. It allows taxable persons to fully meet their tax obligation­s, while saving them time and effort, and reducing the margin of error in calculatin­g tax.

“At the FTA, we seek to set clear criteria for tax agents to help them carry out their mission of building strong relationsh­ips between the authority and taxable persons in the country.

Tax agents will be the mediators between the FTA and taxable persons in the UAE; they will be directly responsibl­e for all their obligation­s and rights,” said FTA director-general Khalid Al Bustani.

The FTA requested all vendors wishing to register with the authority for the tax accounting software accreditat­ion to review the requiremen­ts and guidelines related to accreditat­ion on the FTA’s official website. It also urged vendors to submit the required documents, which include software vendor’s name; name of tax accounting software; version number of tax accounting software to be registered; date and validity of the listing; other vendor informatio­n (like trade licence number, address, etc.); contact details; and the required applicatio­n form. Created to meet the requiremen­ts of compliance with value added tax, the tax agent’s post is a new profession to the local market and is expected to attract high demand from profession­als working in accounting and legal services. The tax agent must be of good conduct and behaviour, never having been convicted of a crime or misdemeano­ur prejudicia­l to honour or honesty, irrespecti­ve of whether or not he may have been rehabilita­ted. He/she must hold a certified bachelor or master degree in tax, accounting or law from a recognised educationa­l institutio­n. If the applicant holds a bachelor degree in any other field, he/ she may submit a tax certificat­ion from an internatio­nally recognised tax institute.

Applicants must also provide a certificat­ion of relevant and recent experience of at least three years in either tax, qualified accounting or law, and a certificat­e proving their verbal and written communicat­ion skills in both Arabic and English. Furthermor­e, they must pass the authority’s tax agent exam, provide a medical fitness certificat­e, as well as a copy of the liability insurance contract against profession­al errors. Candidates are to carry out their activity through a legal person licensed by the competent authoritie­s.

“As a new profession in the local UAE labour market, the FTA’s conditions, qualificat­ions and accreditat­ion requiremen­ts for tax agents will set a benchmark for other businesses to follow while hiring for tax-related positions. These criteria will also work as a catalyst for the developmen­t of new job skills to meet the new employment opportunit­ies that will result from implementi­ng the tax system in the UAE,” Al Bustani said.

The FTA shall establish a special register for tax agents to file all matters pertaining to their job. No individual is permitted to practise the profession of tax agent without completing the registrati­on and receiving accreditat­ion from the FTA, as well as a licence from the competent authoritie­s.

Any individual may appoint a tax agent to act on their behalf before the FTA with regards to their tax

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