A tax agent near me is a specialist who provides a range of tax-related services, including submitting documents to authorities, participating in negotiations and appeals, and representing companies and individuals before various local or international tax organizations. Consequently, a tax agent must have a comprehensive understanding of legislation and adhere to professional ethics.

A tax agent near me services

Masar Company offers the best tax agent to represent individuals or companies in tax matters before the competent authorities. Services include the following:

• Providing advice on reducing tax burdens or improving compliance with governmental requirements.
• Preparing tax returns and ensuring compliance with current legislation and recent amendments.
• Representing clients in tax-related matters before relevant authorities, including courts.
• Negotiating with tax authorities on imposed taxes, aiming to achieve the best possible outcomes.
• Supervising and managing tax audits with precision to ensure clients meet both local and international requirements.

Types of taxes in the UAE

The tax agent near me provided by Masar Accounting ensures effective management of all taxes applicable to individuals and businesses, clarifying the types of taxes imposed by the government, which include:

Value-added tax (VAT)

A 5% VAT is applied to goods and services at every stage of supply, with businesses responsible for its calculation and collection. However, the final consumer bears its cost.

It Is important to note that there are two types of VAT registration:

1. Mandatory registration: Required when a company’s revenue exceeds 375,000 AED.
2. Voluntary registration: Applicable when revenues range between 187,000 AED and less than 375,000 AED.

Excise tax

This is an indirect tax applied at specific rates based on the type of goods, for example:

• 100% on energy drinks, tobacco, and electronic smoking devices.
• 50% on carbonated and sweetened beverages.

Corporate tax

A direct tax imposed on company profits during a specific period:

• 0% for income not exceeding AED 375,000.
• 9% for income exceeding AED 375,000.

Tourism facility tax

Tourism facility tax is imposed at specific rates on hotels, restaurants, hotel apartments, and resorts. These taxes include:

• 6% Tourism Fee
• 10% Municipality Fee and Service Charges (calculated on the room rate)
• City Tax: Ranges from 6% to a maximum of 10%.

Steps to address tax issues at Masar

The tax agent near me at Masar Accounting and auditing company take the following steps to address clients’ tax issues, whether for individuals or companies:

1. Document collection: Ensuring all necessary documents, such as returns and invoices, are gathered.
2. Legislation review: Checking compliance of collected documents with applicable tax laws.
3. Option identification: Providing recommendations for resolving issues, enabling the client to choose the best solution.
4. Solution implementation: Applying the most effective option to resolve the tax issue.

In conclusion, Masar Accounting is the ideal choice for the best tax agent near me in Dubai and the UAE, offering professional specialists well-versed in the latest tax regulations and laws.

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