UAE sees an increase in the number of authorised tax agents

Monday, 15 July 2019 18:33

The number of authorised tax agents in the UAE is on the rise, according to the Federal Tax Authority (FTA).

The government department says the number of tax agents who are officially authorised has more than doubled since last year.

In total there are currently around 370 of them in the Emirates.

The FTA says the growth in numbers provides a wider array of options for individuals and businesses who choose to deal with the authority via an agent.

They say this in turn promotes self-compliance to execute their tax obligations.

More from Business

UAE gains observer status in Eurasian Group to combat money laundering

The UAE has officially joined the Eurasian Group on Combatting Money Laundering and Terrorist Financing (EAG) as an observer, making it the first country in the region to achieve this status.
WTO chief Okonjo-Iweala reinstated for second term as trade wars loom

World Trade Organisation (WTO) chief Ngozi Okonjo-Iweala was reappointed for a second term at a special meeting on Friday, the trade watchdog said, meaning her tenure will coincide with US President-elect Donald Trump's second administration.
Ukraine imposes first wartime tax hikes

President Volodymyr Zelenskiy signed into law on Thursday Ukraine's first wartime tax increases as the war against Russia reaches its 34th month.
Dubai Chambers, Standard Chartered to support global expansion of local businesses

Dubai Chambers and Standard Chartered signed a Memorandum of Understanding (MoU) to enhance collaboration aimed at fostering the growth of UAE businesses and supporting their expansion into promising global markets.