Federal Tax Authority has given approval to Vigor Accounting as a registered tax agency
In a significant development for the tax and accounting industry in Dubai and the United Arab Emirates (UAE), Vigor Accounting & Consultancy has been officially approved as a registered tax agency by the UAE's Federal Tax Authority (FTA).
This achievement reflects extensive preparation, legal alignment, and a team-wide dedication to integrity at Vigor. The FTA-approved tax agents at Vigor are equipped to handle VAT filings, corporate tax returns, FTA communications, and regulatory updates.
The FTA's approval positions Vigor Accounting & Consultancy among an elite group authorised to represent clients before the Authority. Partnering with an FTA-approved agency like Vigor is essential for businesses in Dubai and the UAE to maintain compliance and adapt to regulations responsibly.
Robust Compliance and AML Measures
To become approved by the FTA and benefit from this status, a tax agency must fulfill specific requirements primarily related to compliance and licensing. Vigor Accounting & Consultancy has met these requirements, including the possession of a valid business license relevant to tax consultancy or financial services within the UAE jurisdiction.
The company has also appointed a qualified compliance officer with valid identification documents to manage and ensure adherence to tax and Anti-Money Laundering (AML) regulations. Vigor has implemented robust AML and Know Your Customer (KYC) controls, reflecting the UAE's increasing emphasis on anti-financial crime compliance across financial and non-financial sectors.
Moreover, Vigor is registered with the UAE government's goAML platform for reporting suspicious transactions, as part of mandatory AML compliance.
Purpose-Built Accounting Software
Vigor's in-house accounting software, VBOOKS, is purpose-built for the UAE's unique tax and regulatory framework. VBOOKS enables clients to maintain accurate financial records aligned with local compliance mandates. It integrates real-time financial tracking, streamlined VAT filing, and audit-ready reporting, thereby streamlining reporting, minimising errors, and ensuring audit-readiness.
A Trusted Name in the Local Compliance Space
At the forefront of this effort are the company's founder, Maurice Dsilva, and co-founder Anees Ali, whose leadership has guided Vigor Accounting & Consultancy towards becoming a trusted name in the local compliance space.
Maurice Dsilva, founder of Vigor, stated that their goal was to create a service platform businesses could depend on for compliance and protection. Anees Ali emphasized that being FTA-approved gives clients a level of assurance rooted in federal compliance.
The UAE's taxation framework, including VAT in 2018 and Corporate Tax in 2023, reflects its commitment to global financial standards. As Dubai and the UAE's demand for reliable tax and accounting support surges due to an increase in entrepreneurs, SMEs, and multinational corporations, Vigor Accounting & Consultancy is well-positioned to meet this need.
The FTA's approval process ensures only highly qualified, ethical professionals can serve as tax agents in the UAE. Their authorisation to act as liaisons between businesses and the FTA offers clients confidence in navigating complex tax obligations.
In conclusion, Vigor Accounting & Consultancy's systems, professionals, and practices adhere to the FTA's rigorous standards, making it an ideal partner for businesses seeking compliance and protection in the evolving tax landscape of Dubai and the UAE.
- Vigor Accounting & Consultancy has been equipped to handle VAT filings, corporate tax returns, FTA communications, and regulatory updates, following its official approval as a registered tax agency by the UAE's Federal Tax Authority (FTA).
- To maintain compliance and adapt to regulations responsibly, businesses in Dubai and the UAE should partner with an FTA-approved agency like Vigor Accounting & Consultancy.
- Vigor Accounting & Consultancy has implemented robust Anti-Money Laundering (AML) and Know Your Customer (KYC) controls, reflecting the UAE's increasing emphasis on anti-financial crime compliance across financial and non-financial sectors.
- Vigor's in-house accounting software, VBOOKS, is purpose-built for the UAE's unique tax and regulatory framework, allowing clients to maintain accurate financial records aligned with local compliance mandates.
