Tax Consultant Certified by the UAE Tax Authority

FTA-certified tax consultants offer a wide range of services that help businesses navigate the complex tax landscape in the UAE. These consultants are experts in VAT compliance, corporate tax planning, and excise tax advisory. For instance, one of their core services is guiding businesses through the process of VAT registration, ensuring they meet the threshold requirements set by the UAE government. Once registered, consultants assist in VAT filings, ensuring accurate and timely submission of VAT returns to avoid penalties. In addition to registration and filings, tax consultants offer ongoing advisory services, advising businesses on how to properly structure their transactions, identify tax-saving opportunities, and manage VAT liabilities effectively. This continuous support is crucial for businesses to stay compliant with the UAE’s VAT law and optimize their tax strategies.

Another critical service provided by FTA-certified consultants is corporate tax planning. With the recent introduction of corporate tax in the UAE, businesses are now required to file corporate tax returns on profits exceeding the threshold. Consultants help businesses navigate this new regulation by advising on how to structure their operations to minimize tax liabilities while ensuring compliance. For businesses dealing with excise goods, consultants offer specialized services to help with excise tax registration, filing, and compliance. They also provide guidance on strategies to mitigate excise tax risks, which is especially important for businesses in sectors like tobacco, energy drinks, and carbonated beverages. By offering expert advice and tailored solutions, FTA-certified tax consultants play a vital role in ensuring businesses stay compliant while optimizing their tax positions, ultimately contributing to their long-term success.

1. VAT Compliance and Advisory

One of the most significant roles of an FTA-certified tax consultant is to help businesses comply with VAT regulations. Since VAT was introduced in the UAE in 2018, businesses have faced challenges in understanding and implementing VAT properly. A certified consultant assists businesses in the following ways:

• VAT Registration: Businesses that meet certain criteria are required to register for VAT. A certified consultant ensures businesses are registered on time, avoiding penalties for late registration.
• VAT Filing and Returns: Consultants handle the submission of VAT returns, ensuring businesses meet their filing deadlines. Incorrect filings can lead to fines, making timely submission crucial.
• Tax Invoices and Documentation: Consultants help businesses understand the requirements for issuing tax invoices and maintaining proper documentation to ensure VAT compliance.

Certified consultants like Tulpar Global Taxation Services specialize in VAT compliance, offering businesses comprehensive advisory services that not only meet legal obligations but also help minimize VAT liabilities.

2. Excise Tax Guidance

Excise tax is another crucial area of focus for certain businesses in the UAE. This tax is levied on specific goods, such as tobacco, energy drinks, and carbonated beverages. A certified tax consultant assists businesses in the following:

• Excise Tax Registration: Businesses that deal with excise goods must register with the FTA for excise tax purposes. A certified consultant can guide businesses through the registration process.
• Tax Filing for Excise Goods: Consultants ensure that businesses comply with the excise tax filing deadlines, preventing late fees and penalties.
• Risk Management: A certified consultant helps businesses identify and manage risks related to excise tax, ensuring they follow the regulations strictly.

For companies involved in the production, importation, or sale of excise goods, certified consultants are essential for maintaining compliance with the tax system.

3. Corporate Tax Planning and Advisory

The introduction of corporate tax in the UAE marks a significant shift in the country’s tax system. This tax applies to the profits of certain business entities, and its implementation requires careful planning. A certified tax consultant offers:

• Corporate Tax Registration: Businesses subject to corporate tax need to register with the FTA. A certified consultant helps businesses understand whether they qualify and assists with registration.
• Tax Optimization: Consultants analyze a company’s financial structure to help minimize corporate tax liabilities, taking advantage of available exemptions and deductions.
• Planning for New Regulations: Corporate tax regulations in the UAE are evolving, and tax consultants help businesses stay updated on these changes.

Tulpar Global Taxation Services provides specialized corporate tax services that help businesses develop efficient tax strategies, ensuring they comply with the UAE’s corporate tax laws while minimizing liabilities.

4. Tax Representation and Audits

A certified tax consultant can represent businesses in front of the FTA during audits or tax assessments. This is a crucial service as businesses may face audits for various reasons, such as discrepancies in VAT returns or random selections by the FTA. Consultants provide the following:

• Pre-Audit Preparation: Consultants prepare businesses for audits by reviewing financial records and identifying potential issues before the FTA arrives.
• Audit Representation: Certified consultants represent businesses during audits, ensuring that all necessary documents are provided and addressing any questions from FTA officials.
• Tax Disputes: In case of disputes or challenges from the FTA, consultants act as intermediaries, helping businesses resolve tax issues effectively.