1.
What is Tax consultant?
When you run a company in Dubai, you need a professional TAX consultant that can handle
all the TAX and accounting task of your business. Multinational businesses are increasingly affected by tax,
legislative and regulatory developments throughout the world. Tax consultants are professionals who
specialize in tax law and financial-related counseling. They typically expand on the role of tax preparer. While
tax consultants prepare tax returns, they also often work closely with clients throughout the year to ensure
client tax liability is minimized.
What does a tax consultant do?
A tax consultant provides tax advice and support to individuals, businesses, and organizations on
various tax issues. Their work typically involves preparing and submitting tax returns, researching tax
laws, advising on tax planning, and representing clients in disputes with the tax authorities. A tax
consultant's role may grow and shift as they mature in the position and become more involved in tax
planning and management. They could also specialize in tax research to advise team members and
other stakeholders. When you hire a consultant, he or she will give you advice over the phone or in-
person about your filing options. Some other aspects they cover include:
• Collecting, organizing and preparing tax documents and returns.
• Evaluating a client’s financial and legal circumstances to determine tax liabilities.
• Assisting clients with tax issues during and after a significant life transition, such as a marriage,
divorce, death of a spouse or birth of a child
• Completing complex tax forms and schedules that most tax preparers are unfamiliar with.
• Representing a client in dealings with the IRS or other tax collection agencies

2.
What are the benefit of hiring a tax consultant in Dubai?
• Tax consultants plan and provide vital information for your business
• VAT accounting services in Dubai assess all aspects of the business while processing tax returns.
• Tax consultants help you save time preparing tax returns
• They can help you with up-to-date information about any changes in tax policy
• Tax consultants can help you complete tax returns and financially audited statements.
• They can help you renew your business permits and licenses for you and perform audits.
• Tax advisors in Dubai can help homeowners organize their financial statements and free them
from the stress and headaches of ignorance.
• They can help you submit your financial records on time.
• They can help you organize, archive, and store all your receipts.
• VAT Consultants in Dubai are better able to advise on the correct calculation of tax payments.
• They can advise you on effective tax management and ways to reduce tax payments.
• They are strategies to avoid penalties and future interest on your tax return.
• Tax consulting in Dubai can give you peace of mind when you need to file documents to meet
government accounting and reporting requirements
Why you should hire a professional Tax Consultant?
The government usually requires every business to file its tax returns at the end of every financial year. These returns are
usually mandatory except for the special cases as prescribed by the existing tax laws. Therefore, it is important to take this
responsibility seriously and plan for it adequately and failure to do so may culminate in hefty fines, criminal proceedings, and
convictions, or both.

3.
Decision-making
You can definitely rely on
your consultant for
business decisions,
particularly deal with
finances. You can take any
routes without getting into
legal violations and
financial repercussions.
Ultimately, a tax consultant
plays a crucial role in your
decision-making for the
good of your business.
Saving & Refund
Tax professional is highly proficient
in ability to competently fill out
their organization's return, leverage
available deductions, avoid fines
and liabilities and tackle potential
audits. their records are adequate
and updated, your returns
professionally completed, and that
you’re 100 percent on time and
compliant. As a result, you can
expect the maximum in savings and
refunds.
Recordkeeping
Your tax professional
will encourage and help
you improve your
business expense
recordkeeping quantity
and quality. Detailed,
well-organised and
secure records will help
optimize tax deductions
and benefit your
business through
increased savings.
Save Times
While your tax
consultant is efficiently
preparing your taxes and
return, you can be
focusing on growing
your business and client
or customer portfolio.
Hiring a professional is
the most cost- and time-
effective choice while
allowing you to continue
your revenue-generating
business activities.

4.
Tax Filing
As a tax consultant has a
ton of experiences in tax
filing, he/she will help you
make your financial
management and tax filing
more organized and
streamlined with no rooms
for errors.
it’s best to opt to avoid
financial mistakes and any
legal implications.
Maximize Deductions
Tax accountants will be aware of
numerous ways to identify
opportunities to maximize your
deductions and refund. A tax
consultant can find significant
deductions or tax credits you may
have missed, helping you save
hundreds or even thousands of
dollars, in return for a comparably
small fee.
Government Policies
Tax structures change
every year, tax policies
are very technical and
complex and can be
confusing for a layman.
Tax consultant makes
the job easier and
simpler since he
understands the
process with ease. Plus
are always aware of all
policies and schemes
related to taxation.
Law
Ignorance of the law is
not an excuse: errors
in filing your tax
returns can attract
heavy penalty when
investigated. However,
hiring the tax expert,
who understands the
tax laws, can save you
from a disaster.

5.
Value Added Tax or VAT is a tax on the consumption or use of goods and services. A VAT of 5 per cent is levied at the point of
sale. Businesses collect and account for the tax on behalf of the government. Since 2018, taxation and VAT service have
become obligatory in UAE after the Value Added Tax (VAT) was introduced. They have become a very crucial requirement for
doing business here. When you register for VAT, you also register for VAT returns. You can submit your VAT return online.
A VAT return shows all sales of goods and services you've made that include VAT payments. Your return will display the amount
of VAT collected and what you owe the government in tax.
What is VAT?

6.
STORE
100 + 5
1000
168
(160 + 8 VAT)
100
273
(260 + 13 VAT)
SALES VAT 5%
Charge On Sales
VAT
RECOVERED ON PURCHES
NET VET
payable
FACTORY AED 100 AED 5 0 AED 5
WHOLESALER AED 160 AED 8 AED 5 AED 3
RETAILER AED 260 AED 13 AED 8 AED 5
Total VAT paid by final consumer AED 13
FACTORY WHOLESALER RETAILER CUSTOMER

7.
A typical flow would start with a factory producing juices and selling them to a wholesaler who further sells it to a retail shop. A
woman walks into the retail shop and buys the an apple juice and serve it. Assuming that the VAT rate is 5%, let us understand
how VAT works.
The factory sells a can of apple juice to the wholesale company for 105 (100 + 5 VAT). The factory deposits 5 as VAT with the
government.
The wholesaler sells it further to the retail shop for 168 ( 160 + 8 VAT). The wholesaler deposits 3 as TAX. (Collected 8 - Tax Credit
5 = 3 To Pay)
The retail shop sells it to the woman for 273 ( 260 + 13 VAT). The retail shop deposits 5 as Tax (Collected 13 – Tax Credit 8 = 5 To
Pay)
During this journey the government has earned a total VAT of 13 which works out to 5% of the valued added of 273 (273 – 0).