Are you tired of the complicated tax return filing? Confused about the VAT calculations! Has taxes been turning into a nightmare for you?
Don’t worry. You are not alone.
Calculating tax, filing tax returns, and claiming rebates have been ambiguous tasks for many, including business firms and individuals. That’s what led to the formation of tax consultants in Dubai and every other region in the world. Having their valued guidance and assistance you don’t have to be concerned by the inspection or scrutiny of the Federal Tax Agency (FTA) in Dubai, the authorized organization to monitor and control taxation.Â
Accounting firms in Dubai have been playing a vital role in the smooth functioning of business entities in the region. The tax experts and professional agencies will provide all types of support related to tax, including VAT services in Dubai. You can concentrate on developing your business, unbothered about tax returns when you have them with you.Â
What are the basic features of a credible Tax Consultancy Agency in Dubai?
You can look for certain traits before selecting the tax consultancy service for your company in Dubai. Don’t overlook these features whilst choosing the agency. For it can turn detrimental for your business firm.
ExperienceÂ
Adequate experience and industry knowledge are essential aspects to look for. The experienced agencies will have expert tax consultants, who will have in-depth knowledge about the subtle factors concerning tax. Being inquisitive, they will be constantly monitoring the amendments and changes in tax rules. By understanding and implementing those whilst calculating the tax and filing the tax return, they will prevent any kind of disciplinary actions or levies from the FTA.
Identify Frauds
Avoid those stating tall claims, without any firm evidence. We have seen agencies making untrustworthy statements, just to attract clients. Confirm from testimonials or consult the organizations who have been using the help from the said tax agency, if possible, to confirm the proclamations. You must assign your taxation activities only to a committed and reliable tax consultancy agency in Dubai.
KnowledgeableÂ
The tax consultancy and the consultants must have a fair idea about your business and the way it works. The knowledge about business activities is crucial for undertaking foolproof calculations, seeking rebates, quoting refunds, and obtaining additional advantages (if any). You can ascertain the agency’s capabilities and the tax consultant’s caliber during the discussion itself.
ProfessionalismÂ
The agency must be professional to the core. Determined to serve the clients reliably, the agency must react to your requirements in an optimistic manner. You can trust your intuition, your gut feeling while discussing with the agency whether it is professional or not.
Focused
The successful, dependable, tax consultants in Dubai (or any other region) will be focused on the job at hand. Giving adequate attention to even the minor aspect of VAT, income tax, corporate tax, and other duties, they will comprehensively complete the tax formalities.Â
What are the responsibilities of a Tax Consultant in Dubai?
A tax consultant or tax consultancy agency is loaded with wide responsibilities. The agencies must be committed enough to comply with all the tasks in time and help you maintain the reputation with the authority, the Federal Tax Agency.
Tax AssistanceÂ
They should assist the clients in filing the tax return. The consultants will prepare the tax papers in accordance with the latest tax laws of the land. And file it on behalf of the client company or individual. A thorough examination of the calculations must be undertaken before submitting the tax return to avoid erroneous submissions.
VAT Services
Calculation of VAT has been a complicated thing for many organizations. How much VAT to be paid, what is the exemption eligibility, and so on are common doubts. The tax agent will know every detail about VAT and he or she will file the VAT on behalf of you.
Help During Audit
The FTA is authorized to carry out an audit on any firm on short notice or without notice. A tax consultancy agency or agent can represent your entity during such a scenario. The agent will clarify all the queries and questions from the officials. Thus, resolving the issues.
Submission of Tax Documents to FTAÂ
At times, the FTA may ask for tax documents, income and expenditure data and other financial information to cross verify the tax returns. During such circumstances, the tax consultant will appear before the officials at the FTA, with the documents on behalf of the company/ individual. As the agency has filed the tax, it is answerable to the authority.
Hiring a tax consultancy service in Dubai will be helpful for you. Choose the right agency and authorize them to submit tax returns on behalf of you. You can focus on your business to grow it further. Whilst the tax consultant will handle the tax returns perfectly.
