Tax Consultants in Dubai from BMS Auditing offer extensive tax management and tax consultancy services in UAE giving ideal tax solutions for your business. Our best tax consultants in the UAE follow the best tax compliance practices for VAT, income tax, and Corporate Tax on all businesses, residents, non-residents and certain foreign companies with sourced income in the UAE, etc.
To start with, who are tax consultants? Tax consultants are professionals who assist individuals and businesses with their tax-related issues. They help clients understand and comply with tax laws and may provide advice on tax planning, preparation, and representation. They may also represent clients in audits and appeals with tax authorities. They can be Certified Public Accountants, approved auditors, Enrolled tax attorneys, or registered tax agents.
Tax Consultants in UAE
The tax laws in the UAE face many challenges when it comes to VAT, Excise Tax, and Corporate Tax. To effectively fight against such challenges, businesses require efficient tax consultancy services. The tax consultants in Dubai help businesses with registration and de-registration of VAT and Corporate Tax, filing returns, and refunds. They also ensure tax compliance and prevent the entity from paying fines or penalties when you fail to register your business or file tax returns on time.
BMS proudly owns the best tax consultants in the UAE, who have specialized in various types of taxes- VAT, Excise, and Corporate Tax. Each team ensures that you are compliant with the tax laws, thus avoiding penalties.
Role of Tax Consultants in UAE
Tax Consultants give the right advice, to prepare, and help individuals or businesses to file tax returns in UAE through tax consultancy services. The foremost tax return filing services offered by our Tax consultants in UAE are,
One of the significant roles of tax consultants is to maintain minimum tax for the clients, thus tracking the updated policies provided by banks, and organizations, and providing suggestions based on the financial stability of the client businesses. They are highly responsible for advising and providing relevant information to ensure compliance by the clients.
While preparing and submitting documents to the tax authority in the UAE, tax consultants help with the best practices. These consultants possess adequate knowledge of environmental factors such as updated tax rules and governmental guidelines affecting client businesses.
Let us look at some of the key roles of tax consultants in Dubai:
- Preparation of monthly and yearly tax returns and concerned compliance documents
- Recording files for documentation and maintenance
- Following the information about updates regarding tax laws, regulations, and practices
- Researching tax and customs-related issues, especially on behalf of an organization and its clients
- Interacting with the Tax Authority and customs team
- Actively participating in knowledge management, professional development, and the administrative activities of a company when needed
- Optimizing tax and budget-planning for a long-term
Tax Consultancy in Dubai, UAE
BMS tax consultants and consultancy in Dubai cover all sorts of direct and indirect taxes including VAT, Excise & Corporate Tax for businesses in the UAE. We provide full tax consulting services in Dubai, ranging from initial tax analysis and planning to ongoing support and representation in tax-related challenges. Our skilled tax experts at our tax consultancy service play a key role in assisting businesses and people in navigating the complicated environment of all forms of taxes.
Here are some of the key sorts of taxes on which we concentrate in UAE.
- Value Added Tax
- Corporate Tax
- Excise Tax
- Custom Duty Tax
Tax Consultancy for VAT
Our top tax advisors are eager to follow the most recent developments from the Federal Tax Authority (FTA). Our tax consultants in UAE have been approved by the FTA and are here to serve All business firms in the UAE by giving VAT solutions, specially called VAT consultants. Our VAT consulting will assist your company in ensuring VAT compliance with FTA legislation.
Tax Consultancy for Excise Taxes
It is crucial to comprehend any potential responsibilities you or your company may have in relation to the UAE excise tax. Our excise tax specialists are dedicated to giving you strong help and direction so you can ease your excise tax complications. We offer a compiled excise tax advisory including registration, filing, etc.
Corporate Tax consultancy
BMS Auditing has renowned corporate tax advisors and consultants to offer the best corporate tax services in UAE. Our tax consultants analyze and assess your business. Then we help you prepare a financial audit statement, registration and filing of corporate tax in UAE at ease with 100% compliance.
Procedure for Tax Consultancy Services in UAE
The consultants implement certain procedures to provide the best tax consultancy services in the UAE.
Here are the main procedures involved:
- Analyzing the financial aspects of the business
- Tax Planning
- Verifying the documents
- Tax Compliance
- Tax Implementations
- Review and Support
Tax Consultants and Tax Agents in Dubai
In the UAE, both Tax Consultants and Tax Agents help businesses and individuals with their tax liabilities. However, both of these have certain differences. Let us look at them.
A Tax Consultant or an advisor has a specialization in tax law and counseling on finance-related issues, while a Tax Agent prepares tax returns of income on an annual basis for taxpayers.
Tax Consultants help their clients understand the tax laws and regulations in the UAE, providing advice on minimizing tax liabilities. However, the consultants do not have a high authority when compared to the tax agents and cannot represent the clients while dealing with the tax authority.
Tax Agents, on the other hand, are authorized by the Federal Tax so they could represent their clients with their FTA communications. Tax agents in UAE can help with any audits or reviews performed by the tax authority of the country. They should meet certain qualifications and education requirements, being impacted by a code of professional conduct.
In a nutshell, tax agents are government-authorized and represent the clients in dealings with the tax authorities. Tax consultants typically have advanced education and experience in tax law and may have a professional designation such as a Certified Public Accountant (CPA) or Chartered Accountant (CA).
Tax Advisors in UAE
BMS Auditing Dubai has vast experience of over a decade in providing quality Tax Consultancy services in the UAE. In fact, our tax consultants are highly qualified and knowledgeable in tax-related issues and assist you with tax calculations, as well as minimizing tax liabilities. The Tax Consulting team at BMS in Dubai also helps you stay updated with the changes in tax laws so you stay compliant with the regulations of the tax authority of the country.
The BMS team also helps with these aspects as per the corporate Tax Law through the famous corporate tax services in UAE
Before implementing the Law:
- Corporate Tax Assessment Services - an indication of business of the concerned law
- Corporate Tax Consultancy
- Corporate Tax Registration Services
After implementing the Law:
- Corporate Tax Return Filing
- Corporate Tax Compliance
- Corporate Tax Refund
Need Help with tax consulting? For assistance or queries, call BMS, or reach out to our office in Dubai.
