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UAE approves first batch of tax agents

byCT Report
28/02/2018
in Uncategorized
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DUBAI: 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”.

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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.

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