Tax Services & Consultancy

Why Do You Need Tax Consultancy?

With UAE’s implementation of VAT in 2018, all registered businesses or businesses that are eligible for registration require full compliance and tax management regardless of the industry or the business location.

On the other hand, UAE also implemented the Excise tax in October 2017, obliging all local factories and importers of excisable products (Tobacco, Carbonated Drinks, Energy Drinks, ETC…) in registering with the FTA for the Excise Tax.

The Federal Law No’ 7 of 2017 on Tax, states that a taxable person requires the appointment of a Certified Tax Agent for representation before the Federal Tax Authority with regards to his/her tax affairs and Obligations.

Tax services Include:

1. TAX registration and TRN certificate issuance
2. VAT training and awareness to staff
3. Preparation and submission of VAT or Excise Tax declarations
4. Tax compliance and quality checks
5. Customize and implement a proper tax strategy
6. Establish an effective tax structure
7. Assessment of risks of non-compliance with tax obligations
8. Tax deregistration and TRN cancellation
9. Voluntary disclosures and penalties’ reconsideration process
10. Clients’ representation before the FTA in case of audits
11. Guide on GCC tax treatments
12. Professional tax consultancy

Benefits of Hiring Principles Accounting as Your Tax Agents

  • Representing the Business Before the FTA

    • In case of tax assessment and audits, the Federal Tax Authority require a certified tax agent to represent the taxable person to discuss the tax filings and tax planning of the company. These formalities require a great experience and knowledge in the tax law to provide proper answers and facilitates the complexity of the audits and queries that a taxable person would face before the FTA. Answers will be crucial and requires high professional level to protect the company from serious penalties and fines.



  • Filing tax returns timely and cccurately

    • Filing tax returns with the FTA is a routine task that should be done on timely basis and accurately. Delays and inaccurate filing will lead for serious penalties and complicated routine audits on the company books from the FTA.

  • We assist you save time and money

    • Setting proper tax plan and strategy in compliance with the tax Laws requires the know-how and proper understanding of the laws’ articles and points in details. With our experience and our access to different industries in UAE and GCC markets, we will facilitate this task and make things ready and smoothly running within very short period leaving no space for errors. In addition to that, saving time means saving money, and with an experienced Tax Agent handling your tax matters you are minimizing the risk of paying penalties. Penalties will cost you more than using our services!


  • Providing long term advisory and consultancy

    • Governmental policies and laws are always modified and changed, not to forget that every business regardless of its industry faces multiple business transactions and trade some of which are considered routine transactions, and some will be new and unclear. Principles accounting team will keep your company on track with all the taxes updates, modifications, and will support you with the proper advice for any new transaction scenario.