The FTA conducts a tax audit in UAE to verify if the company is complying with UAE VAT laws and regulations, as well as to ensure that any tax bills are paid correctly.

Employing a tax consultant in the UAE can assist your company in examining tax transactions, strictly adhering with UAE VAT laws, and assisting in tax planning.

INOUTAX , as a leading tax consultant in UAE helps with VAT registration, VAT advisory and assistance for filing VAT returns in the UAE, performing tax audits, submitting VAT voluntary disclosure Form 211 , and VAT return filing.

The Federal Decree-Law No. (7) of 2017 on Excise Tax entered into force on October 1, 2017.

Personal income tax is not levied in the UAE, and the standard value added tax rate is computed at 5%.

All issues relating to a Tax Agent’s professional behavior shall be registered in a tax agent register, which is kept by the FTA.

A Tax Agent is an individual who is enrolled with the FTA and who can be designated by a Taxable Person to advocate him or her before the FTA and assist in the fulfilment of his or her tax duties and tax entitlements.

Governments use taxation to produce cash to pay for public services. There are two sorts of taxes:

1. Direct Tax
2. Indirect Tax

Tax will offer a new stream of revenue that will help to ensure that significant public services are provided in the future. It will also assist the government in achieving its goal of lessening reliance on oil as a revenue generator.

In the United Arab Emirates, the Federal Tax Authority is in charge of managing, administering, and enforcing federal taxes.