UAE Corporate Tax: ‘Black points’ to be issued to tax agents for wrongful advice from July 1

UAE Corporate Tax: ‘Black points’ to be issued to tax agents for wrongful advice from July 1

“The Federal Tax Authority (FTA) is raising the bar by introducing a code of conduct for tax agents that are in line with international standards,” said Jeet Gianchandani, Chairman of the consultancy JCA. “These black points will be applied to tax agents - individual or a business - for various acts of misconduct and negligence.

“This includes wrong advice to clients, and which might result in financial costs for them. The new FTA standards will make tax agents update their knowledge continuously.”

uae Corporate Tax: 'Black points' to be issued to tax agents for wrongful advice from July 1