To Whom It May Concern,
Federal Tax Authority
(FTA)
The United Arab Emirates
Power of Attorney
for VAT Registration and Related Matters
This letter serves to officially appoint and
authorize the following individual to act on behalf of EYU Group
Limited (hereinafter referred to as "the Company") in all matters
pertaining to Value Added Tax (VAT) with the Federal Tax Authority of the United Arab Emirates.
Authorized Representative Details
| Full Name |
Chaos Cheung
|
| Position |
Manager |
| Passport Number |
E12345678 |
| Email Address |
c@efq.com |
| Mobile Number |
+86 138 8888 8888 |
Scope of Authority
The authorized representative, Chaos Cheung, is
granted full power and authority to:
- Complete and submit the application for VAT registration on behalf of the Company.
- Submit all required documents, declarations, and information to the FTA.
- Correspond with the FTA regarding any matters related to the Company's VAT affairs.
- Access the FTA's online portal (e-Services) and manage the Company's VAT account.
- File VAT returns and make payments on behalf of the Company.
- Receive any correspondence, notices, or decisions from the FTA related to VAT.
- Perform any and all acts necessary to ensure the Company's full compliance with UAE VAT Law.
This power of attorney shall remain in effect
until formally revoked in writing by a duly authorized officer of the Company and received by the FTA.
Sincerely,
Chaos Cheung
Signature of Authorizing Officer
Name: Chaos Cheung
Position:
General Manager
For and on behalf of
EYU Group Limited
鳄鱼集团有限公司
Chaos Cheung
Authorized Signature(s)
Date:
Attachments:
- Chaos Cheung
- Copy of Company Business License
Financial Flow Process Overview
VAT Registration Application — E-Commerce Sales via NOON.com
Executive Summary: This document outlines
our company's complete financial flow process for e-commerce sales conducted through
NOON.com. The following diagram and detailed explanation demonstrate our transparent
financial operations and readiness for VAT compliance with UAE tax regulations.
Complete Financial Flow Diagram
Customer Makes Payment on NOON.com
↓
Funds Held by NOON Platform
↓
NOON Issues Settlement Report with VAT
Details
↓
NOON Transfers Net
Amount to Payoneer Account Every 7-30 Days
↓
Funds Received in Company Payoneer Account
↓
Company Initiates Withdrawal to UAE
Bank
↓
Funds Deposited to
Company UAE Bank Account
↓
Complete Audit Trail Available for FTA Review
Detailed Process Description
Phase 1: Platform Transaction & Settlement
Step 1 — Customer Payment Processing
- Customer completes purchase on NOON.com platform
- Payment processed through NOON's payment gateway
- Funds temporarily held by NOON platform
- VAT invoice generated by NOON to customer
Step 2 — NOON Settlement Cycle
- Regular settlement periods (typically 7-30 days)
- NOON provides detailed settlement report including:
◦ Gross sales amount
◦ Output VAT charged
◦ Platform fees and
commissions
◦ Net payable amount
- Tax point established for VAT purposes
Phase 2: Funds Transfer & Bank Settlement
Step 3 — Payoneer Receipt
- Net settlement amount transferred to company Payoneer account
- Transaction recorded in Payoneer with NOON reference
- Funds available for withdrawal in company currency (AED/USD)
Step 4 — Bank Account Transfer
- Company initiates withdrawal from Payoneer to local bank account
- Bank account name matches company registration details
- Complete transaction trail from Payoneer to bank statement
- Funds cleared and available for company operations
VAT Compliance Framework
| Aspect |
Details |
| Documentation Management |
NOON Settlement Reports: Primary document for output VAT
calculation
Payoneer Records: Evidence of funds receipt
Bank
Statements: Final proof of fund placement
Retention Period:
All records maintained for 5+ years as per FTA requirements |
| VAT Accounting Process |
Output VAT declared based on NOON settlement report dates
Input tax recovered on eligible
platform fees
Regular reconciliation between all financial platforms
Monthly VAT
return preparation based on documented transactions |
| Internal Controls & Audit Readiness |
Segregated duties for transaction processing
Automated accounting system
integration
Regular three-way reconciliation (NOON → Payoneer → Bank)
Consistent
entity naming across all platforms |
| Compliance Assurance |
Complete audit trail from customer payment to bank deposit
Transparent documentation
available for inspection
VAT returns filed based on actual transaction data
Process
consistency maintained across all operations |
Declaration: We confirm that the financial
process described herein accurately represents our company's operational procedures. We commit to
maintaining all required records for review and will file VAT returns in accordance with this documented
process.
Official Declaration
Regarding Company Status, First Sale, Ownership of Goods, and Customer Base
Composition
To: Federal Tax Authority
(FTA)
The United Arab Emirates
Reference: Pending
Dear Sir/Madam,
We, EYU Group
Limited, with Business License No. GS123456789,
hereby submit the following declarations and supporting information regarding our business operations
for the attention of the FTA.
1. Date of First Sale in the United Arab Emirates
To date, no taxable sales have been conducted by our
company in the United Arab Emirates. We are currently finalizing preparations for the official
launch of our online store on the NOON platform. Subject to the full activation
of our seller account and the issuance of our VAT certificate, we project that our first
commercial transaction will take place around .
2. Company Profile Verification
For your reference, we have attached as Appendix a current
screenshot of our company profile from the NOON seller portal, taken on . This document verifies our business registration details,
merchant status, and official presence on the platform.
3. Declaration Regarding Ownership of Goods
We hereby formally declare that the e-commerce platform NOON.com
acts solely as an intermediary marketplace and does not hold
ownership of the merchandise we offer for sale. All inventory remains the exclusive
property of EYU Group Limited throughout the
entire sales process. NOON.com functions strictly as a service provider, offering transaction
facilitation, payment processing, and logistical services without at any point assuming legal
title or ownership of the goods.
4. Customer Base Composition: Sales to Non-Registered Persons
We confirm that our business model primarily involves sales to
non-registered persons (end consumers). As NOON.com operates as a public retail
marketplace accessible to all individual consumers without requiring VAT registration, the
substantial majority of our customer base consists of persons without VAT registration numbers.
Accordingly, our transactions are properly characterized as Business-to-Consumer
(B2C) supplies under UAE VAT law.
We trust that the above information and supporting documentation
meet your requirements. Should you require any further details or clarification, please do not hesitate
to contact us.
Thank you for your attention to this matter.
Sincerely,
Chaos Cheung
Signature
Full Name: Chaos Cheung
Position:
Manager
Company Name: EYU Group Limited
Email: c@efq.com
Mobile: +86 138 8888
8888
For and on behalf of
EYU Group Limited
鳄鱼集团有限公司
Chaos Cheung
Attachments:
- Appendix: Screenshot of Company Profile on NOON Seller Portal (Date: )