Tax Agency Services
Stratify offers professional Tax Agency services to streamline your VAT compliance. We manage your tax affairs efficiently, ensuring timely submissions and adherence to UAE regulations.
Tax Agency Services Under VAT : Comprehensive Solutions for Your Business
Tax Agency Services refer to the professional assistance provided by a registered tax agent to represent and manage VAT-related matters on behalf of businesses. As a tax agent, Stratify acts as an intermediary between your business and the FTA, ensuring all VAT obligations are handled smoothly and in full compliance with UAE law.
The Process: How Do Tax Agency Services Work?
Our Tax Agency Services are designed to simplify your VAT compliance process and reduce the administrative burden. Here’s an overview of the key steps:
Initial Consultation and VAT Registration
- We start by assessing your business’s VAT obligations, ensuring that you are registered with the FTA if your turnover exceeds the mandatory registration threshold.
- Our team handles the entire VAT registration process, ensuring accurate and timely submission of your application.
VAT Return Filing and Compliance
- Stratify manages the periodic VAT return filings required by the FTA, ensuring accurate reporting and timely submissions.
- We calculate your VAT liability, taking into account input and output tax, ensuring that you only pay what’s due.
Ongoing Monitoring and Record Keeping
- We help maintain detailed records of your business transactions to ensure compliance with VAT regulations.
- Our team stays updated on changes to VAT laws and advises you on how to adjust your processes accordingly.
FTA Correspondence
- As your tax agent, we handle all communication with the FTA, including responding to inquiries, audits, and assessments.
- We ensure that all queries and concerns raised by the FTA are promptly addressed, minimizing any risk of penalties or fines.
VAT Audit Support
- If your business is subject to a VAT audit, we provide full support to ensure that all records and documents are in order.
- Our team works closely with you to prepare for and manage the audit process, ensuring compliance with all FTA requirements.
Documents Required for Tax Agency Services
Trade License
A valid trade license issued by the relevant UAE authority.
VAT Certificate
If already registered, the VAT registration certificate issued by the FTA.
Financial Statements
Recent financial statements or bookkeeping records for accurate VAT filing.
Bank Statements
Bank records to support transaction and payment details.
Invoices
Both sales and purchase invoices to ensure accurate VAT calculations.
Other Business Documents
Contracts, agreements, or any additional documents that affect your VAT liability.
How Stratify Can Help with VAT Tax Agency Services
At Stratify, we offer end-to-end VAT compliance solutions, allowing businesses to focus on growth while we handle the complexities of tax regulations. Here’s how we can support your business:
Expert VAT Consultation
Timely VAT Return Filing
FTA Representation
As your appointed tax agent, we handle all correspondence with the FTA, acting as the intermediary between your business and the tax authority.
Error-Free VAT Calculations
With our meticulous record-keeping and data analysis, we ensure accurate VAT reporting to minimize errors and the risk of penalties.
VAT Dispute Resolution
If any disputes arise regarding your VAT submissions or assessments, we represent you before the FTA, managing the resolution process.
Audit Preparation
In the event of a VAT audit, our team helps you prepare all necessary documentation, ensuring you are fully compliant and audit-ready.
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Our Other Value Added Tax Services
Our Services
Stratify Corporate services is an independent and international organisation with a specialization in crafting sustainable solutions and strategies
Value Added Tax
Ensure full compliance with UAE’s Value Added Tax regulations through tailored advisory, registration, filing, and VAT health check services.
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Corporate Tax
Navigate UAE’s corporate tax landscape with strategic tax planning, filing, and compliance support to optimize your tax position.
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Excise Tax
We assist businesses in understanding and complying with excise tax regulations, including registration, filing, and audit preparation.
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Accounting Outsourcing
Streamline your financial operations by outsourcing your accounting needs, from bookkeeping to financial reporting, for efficient management.
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Customs
Simplify import-export procedures and ensure compliance with UAE Customs regulations through advisory, registration, and customs reconciliation services.
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Company Formation
Start your business in the UAE with expert guidance on company incorporation, licensing, and compliance with local regulations.
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Audit & Assurance
Our audit and assurance services provide reliable financial insights, ensuring transparency and compliance with regulatory requirements.
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Economic Substance
Anti-Money Laundering
Protect your business by staying compliant with UAE’s AML regulations, with risk assessments, monitoring, and reporting solutions.
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Frequently Asked Questions
What is a tax agent in the UAE?
A tax agent is a registered individual or firm that acts on behalf of businesses to manage their VAT compliance obligations with the FTA. The tax agent helps with VAT return filing, compliance monitoring, and representation during FTA audits.
Why do I need a tax agent?
A tax agent ensures your VAT obligations are met accurately and on time, reducing the risk of penalties or fines. They also manage all FTA correspondence, ensuring you remain compliant with local tax regulations.
How often do I need to file VAT returns?
VAT returns in the UAE are usually filed quarterly, though businesses with higher turnover may need to file monthly. We handle all the filing requirements, ensuring deadlines are met.
What happens if I fail to comply with VAT regulations?
Non-compliance with VAT regulations can lead to heavy fines and penalties. Stratify ensures your VAT returns are filed on time and in compliance with FTA requirements, minimizing the risk of fines.
What if I am selected for a VAT audit
If your business is selected for a VAT audit, Stratify will provide full support. We assist with preparing the required documentation and ensure that your business meets all compliance requirements.
How can I get started with Stratify’s Tax Agency Services?
If your business is selected for a VAT audit, Stratify will provide full support. We assist with preparing the required documentation and ensure that your business meets all compliance requirements.
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Conclusion
Stratify’s Tax Agency Services offer businesses in the UAE a reliable and efficient way to manage their VAT compliance. With our expertise, you can ensure that your business meets all VAT obligations, reducing administrative burdens and staying compliant with FTA regulations.
Contact us today to learn more about how we can assist your business with VAT compliance and representation.
