VAT consultants in Abu Dhabi are basically mediators who are responsible for meeting all your tax-related obligations. Many of the good accounting companies offer tax consultancy services too. Hiring a VAT consultancy service in Abu Dhabi would let you meet all your tax obligations on time, including the recently introduced VAT.

Not only for businesses, but it is also a good idea for you to hire a VAT consultant even if you don’t own a business. The VAT is applicable on consumption on good or services- this can be at an individual as well as at an organizational level.

Before you make any decisions about hiring VAT consultancy services in Abu Dhabi or FTA agents, you might want to know more about VAT first. So here, we have briefed the highlights and main provisions of VAT.

Who are FTA VAT agents or VAT consultants in UAE?

VAT agents and consultant acts as your guide and representative when it comes to matters related to tax. They will be authorized to file taxes and do registration or check with any related details or formality on behalf of you. They will represent you before the law.

In order to be a registered tax agent, they have to go through a detailed application process. He or she must have a relevant qualification from a recognized university or institution. It will be proof of specialization and practical experience. Degrees in accounting, tax or law are preferred. He or she needs to have three years’ relevant practical experience at least, as a tax professional or a qualified lawyer or an accountant.

Also, the ability to communicate in both Arabic and English is yet another necessity. Further, the candidate needs to have passed the tests which meet quality standards as specified by the FTA. They should be of good conduct and should not have any kind of criminal records. At times, candidate even needs to have professional indemnity insurance

For getting registered as a Tax consultant or agent, they need to submit all those relevant documents with the application process, including relevant degrees, proof of tax specialization and practical experience, language proficiency, good conduct or police clearance certifications, medical fitness certification, etc.

Thus, VAT agents actually need to have some standardized qualifications to be FTA authorized. So when you hire a certified VAT consultant in UAE, you can be sure you no more have to worry about taxing your brain with anything related to taxes. Many VAT consultants in Abu Dhabi and other Emirates even offer customized accounting and tax software with can fully or partially automate your tax calculation and return generation part. You can certainly benefit from the guidance of tax consultant and agents as they not only act as a guide to complicated tax laws but also save you money and time and prevents possible penalties.

VAT registration for businesses

As per the laws, only Businesses having taxable supplies and imports above AED 375,000 are mandated to register for Value Added Tax in UAE. VAT registration can polish the business profile of a business. Plus, companies may benefit from registration by being able to claim returns.

In the UAE, VAT registration online should be the simplest means. If you have any trouble understanding the process or are too busy to deal with it, simply hire a VAT registration consultant in Abu Dhabi or any other part of UAE. They will take care of all the formalities for you.

Registration will let businesses obtain a VAT registration certificate. This certificate is important as it is a proof of your business being recognized and registered under the UAE tax laws. The certificate will contain your details, the date of registration and most importantly, your VAT registration number. These certificates, in addition to being a legal proof, can help in getting tax exemption and preventing double taxation.

Why should you even think about hiring VAT consultants?

Here are a few reasons as to how hiring VAT consultants can be greatly beneficial for you and your business

Better, hassle-free tax services – If your business has complex tax write-offs, you are of course in need of a professional’s to help you navigate. The VAT consultants in Abu Dhabi and other Emirates provide the clients with the proper guidance and useful insight on all attributes of UAE and international VAT & tax exemptions, regardless whether you run a universal business of indirect tax or are an independent entrepreneur.

Time efficient- VAT and other tax-related formalities are a time-consuming process and it takes hours to carry out the process. Must more if you are a beginner in the matter of taxes. For business people, there is hardly any point in wasting time learning about complex tax process and dealing with it themselves. You’ll have to dig up, check up for the records and receipts before you file VAT. It is pretty tiring and challenging, however hiring VAT consultancy services in Abu Dhabi can save your time and you can use that quality time focusing on other aspects of your business or spend with your family.

New laws and changing tax policies- UAE has been undergoing various reforms for a while now. The VAT is similarly a newly introduced concept in UAE. Individuals are still figuring it out and don’t have proper clarity about the process and regulations. However, the VAT consulting companies will ensure that you get a quick idea of all the changes in economic policies and will make sure that your business is complying with them all. You will no longer need to spend loads of time trying to find and figure out any information. Plus, there would be no worries about finding some surprise penalties!

VAT Consultants have better knowledge – As you saw above, there are some standard requirements to be qualified as an authorized tax consultant. When you hire VAT consultant in Abu Dhabi, they will know what needs to be done and how it needs to be done. They will take time understanding your business model and may even provide an effective VAT implementation plan for your business that is in accordance with the regulation of the government.