Federal Tax Authority Implements New Professional Standards for Tax Agents

UAE, 27 April, 2024 : The Federal Tax Authority has announced the implementation of Decision No. 1 of 2024, effective from July 1, 2024, outlining Professional Standards for Tax Agents. This decision aims to uphold integrity within the tax sector and ensure compliance with established guidelines.

Under this decision, violations of professional standards by both natural and juridical person Tax Agents will incur black points, as detailed in the Professional Standards Guide. The allocation of black points varies depending on the nature of the violation and whether it involves individual or corporate Tax Agents.

Black points will expire within specified deadlines, as outlined in the decision. The Authority will follow a structured procedure based on the accumulation of points, ranging from notifications and warnings to eventual deregistration from the register for severe violations.

The decision emphasizes the responsibility of Tax Agents to adhere to professional standards and serves to maintain the integrity of the tax system. It will be published in the Official Gazette, marking its official implementation.

Guide : Professional Standards for Tax AgentsFederal Tax Authority Decision No. 1 of 2024 - Issued 15 of Jan 2024 - (Effective 1 July 2024)

Source : www.tax.gov.ae