Know Everything About VAT Consultants Registration in Dubai
The recent addition of the VAT has given birth to a new rise in demand for professionals like VAT consultants in Dubai and the other parts of the UAE. These professionals can help any business to properly carry out all the VAT related tasks and avoid any penalty. But, to work as a professional, it is required for all individuals to complete their tax agent registration first. The FTA or Federal Tax Authority has set some specific criteria which need to be fulfilled in order to apply for the registration. So, any expert wishing to serve as a VAT consultant in this nation must have complete knowledge about this registration.
What are the requirements for an individual to be registered as a VAT or tax agent in the UAE?
The following high standards have been set by the FTA which must be fulfilled by the person to be registered:
- Must have a fluency in English and Arabic
- The FTA exam needs to be taken and also, pass in it
- Must have an experience of three years in the field of law, accounting, and tax
- Should have a master’s or bachelor’s degree in law, tax, or accounting from a
recognised institution - Must not have any past record of misconduct, crime, or wrongdoing
- Should be fully fit physically for carrying out the tasks of his/her clients
- The professional indemnity insurance must be held by the person
How to do the registration?
At first, the individuals need to check if they meet all the criteria and standard set by the FTA. If all the requirements are fulfilled, they can go ahead with the application.
- Professionals must apply through the official application form of FTA.
- After this, the applicant may get asked for any extra information, an interview, or anything else. Not more than fifteen days, from the submission date, will be taken by the FTA decide on the submitted application. In case, there is a need for any extra information, the FTA will make its decision on the application in fifteen days from the day the authority receives the extra information.
- Following the primary approval is received from the FTA, the required fees need to be paid by the applicant.
- The applicants will be informed about the rejection or acceptance of the application within twenty days from the day the FTA provided the primary approval.
- After this, the approved professionals will be included in the Tax Agents register for three years. When this tenure of three years ends, the individuals can renew their registration.
Professionals must also be aware of the fact that there are certain circumstances under which their permit or registration can also get
