FTA highlights vital role of accredited tax agents in ensuring corporate tax compliance

The Federal Tax Authority (FTA) emphasized the critical role that accredited tax agents play in helping taxpayers in general (and those subject to corporate tax, in particular) comply with tax laws in a transparent, efficient and accurate manner.

Furthermore, the Authority underlined the strict standards applied to the exercise of the profession of Tax Agent in order to ensure the highest level of competence among accredited agents, where practicing the profession requires advanced academic qualifications and practical experience to allow Tax Agents perform their function, in line with the highest standards.

He FTA organized the second Tax Agents Forum by 2023, which brought together 204 accredited Tax Agents, along with several officials from the Federal Tax Authority, as part of its continuous communication plan to bring the latest developments in the tax sector to its strategic partners.

Zahra Al Dahmani, Director of Taxpayer Services at FTAurged Tax Agents to intensify their efforts, in collaboration with the Authority, to support taxpayers who wish to work with Fiscal Agentshelping them ensure tax compliance, especially during this critical stage with the implementation of the Corporate Tax Law from June 1, 2023.

Al-Dahmani He reaffirmed the FTA’s commitment to organizing regular awareness meetings with all stakeholders in the government and private sectors to present its latest programs and initiatives and highlight the progress made in its activities in an effort to keep up to date with developments in the tax sector.

“The number of accredited tax agents is constantly increasing, in parallel with the continuous expansion of the taxpayer base.”

She explained.

“This provides greater options for those who choose to deal with the Authority through tax agents, which, in turn, serves to increase tax compliance rates.”

FTA Representatives gave a detailed presentation during the forum, highlighting the requirements and procedures for compliance with the Corporate Tax law and the criteria for determining taxpayers subject to the Corporate Tax law, along with a variety of other concepts, such as income taxable, tax rates, tax periods. , facilities offered for startups and small businesses, Corporate Tax in free zones, facilities for business restructuring and for tax losses, transitional provisions and provisions for tax groups, among other topics that facilitate compliance with Corporate Tax legislation.

Furthermore, the FTA experts discussed the various services provided through the EmaraTax Digital platform for tax services, which allows you to carry out registration procedures, presentation of Declarations and payment of taxes owed with clear and simple steps. They also provided a detailed explanation of the conditions, rules and procedures for the registration and renewal of the registration of Tax Agents, highlighting the latest updates to the Executive Regulations of the Tax Procedures Law.

News source: Emirates News Agency