For Business Owners

How to Find FTA-Registered Tax Agents in the UAE: A Complete Guide

Last updated Friday, October 4, 2024

Navigating the complexities of UAE tax regulations can be overwhelming, especially for businesses new to the system. If you’re running a business, staying compliant with VAT, corporate tax, and other obligations is crucial—but it doesn’t have to be daunting. This is where FTA-registered tax agents come in. The Federal Tax Authority (FTA) authorizes these professionals to represent your business, handle your tax filings, and ensure you meet all legal obligations without the risk of errors or penalties.

But with so many options available, how do you choose the right tax agent for your business? In this guide, we’ll walk you through everything you need to know about finding and appointing an FTA-registered tax agent, ensuring your business stays compliant while you focus on what you do best.

By the end of this article, you'll know exactly how to find a certified tax expert, what qualifications to look for, and how Wafeq can simplify the entire process, so you never have to worry about tax compliance again.

What Is an FTA-Registered Tax Agent?

An FTA-registered tax agent is an individual or agency authorized by the Federal Tax Authority (FTA) to represent businesses in the UAE regarding their tax obligations. According to Federal Law No. (7) of 2017 on Tax Procedures, a tax agent can act on behalf of a taxable entity, assisting in areas such as tax filings, audits, and compliance.

These agents must meet stringent qualification and experience requirements to be officially listed and recognized by the FTA, ensuring they are well-versed in the country’s tax regulations.

The Role of Tax Agents as Defined by Federal Law No. (7) of 2017 on Tax Procedures

Under Federal Law No. (7) of 2017, tax agents play a crucial role in facilitating compliance with UAE tax laws. They act as intermediaries between the taxpayer and the FTA, ensuring that all tax-related obligations are fulfilled per the law. Their responsibilities include preparing and submitting tax returns, maintaining accurate tax records, and providing businesses follow the required documentation processes. Tax agents must also maintain confidentiality and accurately represent their clients’ financial affairs.

The FTA has a register of approved agents, meaning only those who meet their legal, ethical, and professional standards can officially serve in this capacity. This ensures businesses receive reliable and knowledgeable guidance.

Read more: Accounting Cloud Software in UAE: Revolutionize Your Business with Wafeq. 

Benefits of Hiring an FTA-Registered Tax Agent

Compliance Support: FTA-registered tax agents help businesses stay compliant with UAE’s tax laws, including VAT, excise tax, and corporate tax. They ensure that tax filings are timely and accurate, reducing the risk of penalties.

Expertise in UAE Tax Laws: Tax agents possess deep knowledge of UAE tax regulations, which are often complex and regularly updated. Their expertise ensures that businesses remain compliant while maximizing available tax benefits.

Representation Before the FTA: In case of audits, inquiries, or disputes with the FTA, tax agents can act on behalf of businesses, ensuring that the proper protocols are followed and that businesses are represented professionally in all tax matters.

How to Find a Registered Tax Agent

To find an authorized FTA-registered tax agent, you can visit the FTA’s official website and use the Tax Agent Register. The directory allows you to search for agents by emirate, area of expertise, or the type of tax services they offer.

Tips for Selecting the Right Agent:

  • Check Credentials: Ensure the tax agent is officially listed on the FTA’s directory and holds the necessary qualifications.
  • Verify Experience: Look for agents with proven experience in handling tax matters relevant to your business, such as VAT or corporate tax.
  • Request Client References: Established tax agents often have a portfolio of clients they’ve successfully represented, which can help in your decision-making.

Qualifications of FTA-Registered Tax Agents

To become an FTA-registered tax agent, individuals must meet several professional and legal requirements:

Educational Background: A minimum of a bachelor’s degree in accounting, law, or tax-related fields. Additional certifications from international tax institutes are highly regarded.

Experience: At least three years of relevant tax experience is mandatory to qualify as an FTA-registered tax agent.

Professional Conduct: Agents must adhere to high ethical standards and possess a clean criminal record.

Insurance: Professional indemnity insurance is required to ensure protection against potential liabilities while practicing.

By ensuring your tax agent meets these qualifications, you can be confident that they possess the skills and knowledge to represent your business effectively.

Read also: Top Audit Firms in UAE: A Complete Guide for Businesses. 

Steps to Appoint an FTA-Registered Tax Agent

Appointing a tax agent involves the following steps:

  • Search the FTA Directory: Use the FTA’s online directory to find a qualified agent that fits your business’s specific needs.
  • Contract Agreement: Once you select a tax agent, enter into a formal contract outlining the scope of work, fees, and responsibilities.
  • Notify the FTA: Submit the contract to the FTA as part of the official process to appoint the tax agent. This ensures they are recognized and authorized to act on your behalf.
  • Provide Access: Ensure your agent has access to necessary financial records and business details to perform their duties effectively.

How Wafeq Can Help You with Tax Compliance

At Wafeq, we aim to simplify your tax management process by offering:

Accounting & Tax Software: Wafeq provides businesses with intuitive software to manage VAT invoicing, tax records, and automated reports. Our platform helps reduce errors and ensures tax filings are accurate and timely.

Streamlined Collaboration with Tax Agents: Wafeq’s software allows seamless sharing of financial data with FTA-registered tax agents, helping agents easily fulfill their obligations without extensive back-and-forth.

Automated Reports and Records: Wafeq automatically generates VAT reports, financial statements, and tax summaries, making it easier for tax agents to handle your tax submissions.

Custom Solutions for SMEs: Our platform is tailored to meet the needs of small and medium-sized enterprises (SMEs), providing affordable and comprehensive tools for tax compliance.

"Using Wafeq’s software, businesses can reduce the complexities of tax filing and stay compliant with FTA regulations. Our intuitive platform offers features like VAT invoicing, automated report generation, and real-time collaboration with registered tax agents."

Read also: Accounting software for freelance accountants in UAE. 

Top FTA-Registered Tax Agencies in the UAE

Here are a few reputable FTA-registered tax agencies in the UAE:

Jitendra Chartered Accountants (JCA): Offering a wide range of tax services including VAT filings, corporate tax consultations, and tax audit preparation.

BMS Auditing: Known for its expertise in VAT, excise tax, and corporate tax, BMS provides comprehensive tax agent services across all emirates.

Tax Gian by Jitendra Tax Consultants: Specialized in helping businesses comply with FTA requirements, especially in VAT and corporate tax.

Read more: Top 8 Accounting Software Solutions in the UAE. 

Hiring the right FTA-registered tax agent ensures your business meets its tax obligations while minimizing risks and maximizing benefits. By choosing a certified professional and leveraging Wafeq’s robust tax management software, you can stay compliant with ease. Let Wafeq simplify your tax process and streamline your collaboration with certified tax agents, so you can focus on growing your business.

Take control of your tax filings with Wafeq’s user-friendly accounting software. Automate your VAT invoicing, share data effortlessly with tax agents, and never miss a deadline again.