With the implementation of the VAT in UAE, the people in Dubai are finding it extremely necessary to hire VAT consultants in Dubai to avoid the non-compliances of VAT regulations. A consultant can not only save them from the hefty amount of penalties but also guide them on every important step in this new and complex tax framework. But will it be wise to hire any consultant for a critical job? Perhaps not. Here are a few things that you should consider while hiring a VAT consultant in Dubai.
- Ask for recommendations:
If you are running a business in UAE, you may have made some connections in the market. You can use those connections to learn where you can find genuine VAT consultants in the city. Since you will have to perform several VAT-related tasks like file a VAT return online and others, you may find those tasks easier if there’s a professional by your side. So hire a consultant from the consultancy that has a good reputation in the market.
- Get a background check on the consultant’s profile:
Even if you are hiring a VAT consultant from a reliable consultancy, it is better to get a background check on the consultants just to be sure about his work. For the VAT consultants in Dubai, the experience of the person matters more than his academic qualification. Check what has he (or she) has done in the past few years in his (or her) career. Since there was no requirement for a VAT consultant in UAE before 2018, the work experience of the consultant in the field of taxation, law or management may help you evaluate his or her capability.
- Check if the person is a registered tax agent:
If you want the consultant to help you with all the VAT related issues, especially the VAT calculation, VAT return filing and much more, it is wiser to choose a tax agent cum consultant who is registered at FTA. After the implementation VAT in UAE, FTA has started approving a lot of tax agents. When there are plenty of them, why not choose a registered one for all your crucial tasks.
- See if the person is offering service to others:
The consultants usually serve multiple clients at the same time. Just make sure the consultant is not serving any of your rivals. Yes, the consultants are professionals, but it is better to hire a different consultant if you find out he or she is also serving the rival company, just to avoid any kind of misconduct.
Following these few tricks can help you choose the right kind of VAT consultants in Dubai, and ensure better results in the longer run.