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Tax Services in UAE
Home > Tax Services in UAE
Tax Services in UAE
Silver Oak Chartered Accountants, a professional accounting and audit firm, offers FTA-approved tax services with a team of tax experts with expert VAT knowledge. We help clients with financial management and tax filing, saving time and money and preventing errors. We provide business advisory services and tax auditing services.
What is a Tax Agency Service?
A tax agency service is an agency that assists clients or businesses in paying taxes to the government and ensuring their tax rights. Appointed to represent clients before authorities, a tax agency relieves clients of tax compliance burdens, allowing them to focus on business growth and expansion. Our service is often necessary when running a business and maintaining statutory compliance, providing a sense of relief from the stress of tax compliance.
Why should you hire a Tax Agency?
When you decide to hire a tax agency, the process involves an initial consultation to assess your needs, followed by signing a service agreement. Once engaged, the tax agency will represent your business to the federal tax authority, undertake tax obligations, notify you of tax proceedings, assist with tax planning, and settle tax disputes with the authority. We also ensure effective business outcomes and smooth operations. Our process is designed to be transparent and client-focused, ensuring you are fully informed and involved at every step.
Difference between Zero-rated & Exempted Tax supplies
Zero-rated supplies are goods and services that are taxed at a zero rate (0%), such as exports, first sales/rent of residential buildings, and specific educational services. These supplies can be recovered with input tax. On the other hand, exempted supplies do not levy VAT and are not required to register for VAT or claim input tax. Examples include financial services, residential buildings, and local passenger transport.
Benefits of hiring our Tax Agency?
Hiring our Tax Agency Service offers many benefits, including expert tax assistance, legal representation before the Foreign Trade Agreement (FTA), communication with the FTA, assistance with Arabic documents during VAT audits, and avoiding unpredictable fines. We provide an entire follow-up channel with the FTA, handling refunds and other tax matters professionally. Other benefits include:
- VAT registration.
- Compliance.
- Filing of returns.
- Supervision of tax transactions.
- Association with the FTA for tax-related problems.
- Assistance during tax audits.
- Proposal for VAT reconsideration.
- VAT deregistration.
What Services do we offer?
Our FTA-approved tax agents, with their extensive experience and expertise, offer various services, including VAT advisory, tax agency services, VAT registration, deregistration, return filing, audit, implementation, refunds, voluntary disclosure, and reconsideration applications for VAT-related acceptable waivers.
- VAT Advisory and Tax Agency services
- VAT registration
- VAT deregistration
- VAT Return Filing
- Tax Audit
- VAT Implementation
- Tax Refunds
- Voluntary disclosure
- Reconsideration application for waiver of VAT-related fines
Our Execution and Consultation
Our tax agents will analyze issues, strengthen your case, advise on options, prepare documentation, and represent you. We will also liaise with the FTA and provide regular updates to keep you updated. We provide best vat services in Dubai for business setup in Dubai, free zone business setup and offshore company formation.
Why Choose Silver Oak Auditing Firm Expertise and Experience
Silver Oak Chartered Accountants is a leading auditing firm with expertise in managing complex regulatory and accounting standards. Our team of skilled professionals is proficient in both local and international regulations, ensuring accurate and compliant services. We offer customized solutions that align with specific business needs and objectives, resulting in optimal results. Silver Oak’s services are time- and cost-efficient, providing high-quality support without substantial internal investment. They prioritize accuracy and compliance, reducing errors and non-compliance penalties. We are dedicated to delivering reliable and consistent services and building long-term client relationships based on trust, integrity, and mutual respect.
Our Service Sectors
- Insurance: Our insurance team employs a strategic approach to tax complexities, utilizing customizable tax modeling tools to comprehend the impact of various tax laws.
- Construction and MEP: Our tax consultants can help with accurate tax accounting and identify areas for cost reduction in construction and MEP projects.
- Event Management: Implement a rigorous tax compliance process within your management firm to prevent penalties or fines.
- E-commerce: Utilize control-oriented planning processes to ensure effective tax planning for your e-commerce business and prevent potential tax-related issues.
- Manufacturing: Silver Oak Auditing personalized tax specialists ensure accurate calculation and filing of manufacturing tax returns within the deadline with authorities.
- Marine: Marines can stay informed about new tax laws and their implementation in their firm through detailed insights provided by Silver Oak Auditing tax agents.
- Oil and Gas: Silver Oak Auditing’s experienced team can assist in implementing potential tax reliefs and deductions for oil and gas businesses.
- Real Estate: Our team provides valuable insights into eligibility criteria for registration under various tax laws, ensuring timely registration for real estate transactions.
- Restaurants: Silver Oak Auditing offers custom-tailored tax services for restaurants, ensuring accurate implementation of tax accounting procedures and sorting tax amounts.
Faq
Our FTA-approved Tax Agency, staffed by experienced tax experts, strives to exceed client expectations and provides proper guidance to avoid unexpected penalties or damages.
The Reconsideration Form process typically takes 20 business days after applying, ensuring our clients are informed and prepared for the process.
The official website of every tax agency in the UAE registered with FTA can be accessed to determine if they are FTA-approved or not. https://www.tax.gov.ae/.
A UAE tax agent must represent clients during an FTA tax audit, ensuring they can focus on their business and expansion without stress, which is a preliminary obligation of their tax agency.
A tax agent in the UAE registered and approved by the FTA represents taxable individuals and offers tax-related services in the country.
Choosing a tax agent in the UAE, registered under the FTA, offers several advantages. They are well-versed in the local tax laws and regulations, ensuring your business remains compliant. They also provide reliable tax services, assistance with filing matters, and compliance to clients, guaranteeing authentic tax services tailored to the unique needs of businesses in the UAE.
While companies can choose not to have tax agent services, having one can provide reliable and authentic tax services.
A tax agent offers various tax services, including registration, advisory, compliance, accurate tax filing, FTA representation, tax audit assistance, document updates, and customized services to meet specific requirements.
Agents can expedite tax returns, avoid penalties, and utilize reliefs and deductions to minimize tax liability. This results in significant savings for entities, providing a sense of security about their financial management.
A tax agent represents a client, whether a taxable business or individual, before the Foreign Trade Agreement (FTA). They vouch for the client’s rights, negotiate for them, and facilitate communication with the FTA on tax matters.
The statement is affirmative, stating that the insurance will cover the liability.
The tax agent will handle tax-related matters for the taxable individual.
Hiring a tax agent is advisable for tax-related services, as they possess the necessary expertise to handle various business tax requirements.