OVERVIEW
Having our base in a dynamic, multicultural and multiethnic region such as the UAE allows us to understand and appreciate the benefits of effective tax planning. Such planning can empower business with a competitive advantage when aiming for growth and expansion, even when markets are challenging. Organizations increasingly understand the importance of addressing issues relating to corporate structures; evaluating jurisdictions where cross-border transactions are planned; addressing transfer pricing issues; and managing taxes with a view to enhancing competitiveness.
Our team of qualified tax professionals combine international experience from the US, Europe, Asia and the Middle East and Africa region with local knowledge to provide viable commercial tax strategies tailored to address clients’ specific needs. We bring significant value to our clients by customizing tax strategies to fit different industry, legal and financial frameworks and help to provide our clients with solutions to optimize their direct and indirect tax liabilities. We address a variety of business needs and help organizations align their businesses in a more tax efficient manner.
UAE TAX
Perhaps the most significant change and best example of the changing framework in which businesses will operate was seen with the introduction of VAT in the UAE at the start of 2018. With vast multi-national experience, our team are able to understand and adapt to these changes and make sure that you are also kept informed ahead of the game and that the adjustments and enhancements you need to make are completed before it’s too late.
We are likely to see more reforms in the region’s tax framework and the technology and processes that will ensue. Our focus on being a part of that change rather than a responder to it will ensure you benefit from our focus on proactive change and our constant search and testing of new apps, software and technology that will work for you. Our Taxation Services team have assisted over 200 clients with their VAT needs both within the UAE and across the GCC
SERVICES WE OFFER INCLUDE:
- Inbound and Outbound Tax Advisory Services
- International Tax Planning
- Mergers and Acquisition Tax
- Transfer Pricing
- Private Client Tax Services
- International Tax Compliance
- International Estate Planning and Inheritance Tax Advisory Services
- UAE & GCC VAT compliance services
- VAT Health checks and diagnostic reviews
- Internal VAT Audits
- VAT Advisory services
READ OUR LATEST TAX SERVICES BLOGS
Frequently Asked Questions (FAQs)
1. What services does your firm offer related to UAE and other GCC tax compliance?
Our firm provides a comprehensive range of services, including:
- Tax Registration and De-registrations: Assisting businesses with VAT and corporate tax registration to ensure compliance with regulations.
- Tax Return Filing: Preparing and submitting accurate tax returns for VAT and corporate tax, ensuring timely compliance with FTA deadlines.
- Tax Refunds: Helping clients navigate the process for claiming VAT refunds, ensuring all requirements are met for a successful claim.
- Tax Health Check: Conduct assessments to evaluate your tax compliance status and identify potential risks or areas for improvement.
- Ongoing Compliance Support: Providing guidance on maintaining compliance with tax laws, including record-keeping and documentation requirements.
- Statutory Matters: Assisting with appeals against tax assessments and preparing private clarification requests or advance ruling to the tax authority for specific tax matters.
2. How does your firm assist with tax registrations?
We help businesses determine their eligibility for the relevant tax registration, prepare the necessary documentation, and submit the application to the Federal Tax Authority (FTA), ensuring a smooth registration process.
3. What is included in your tax return filing services?
Our tax return filing services encompass:
- Comprehensive review of financial records.
- Calculation of VAT or corporate tax liabilities.
- Preparation and submission of tax returns.
- Coordination with tax authorities for any queries or follow-ups.
4. What ongoing compliance support do you provide?
We offer ongoing compliance support, including:
- Regular updates on changes to tax legislation.
- Assistance with maintaining accurate records.
- Training for staff on VAT and corporate tax compliance requirements.
5. What advisory services do you offer?
Our advisory services include:
- Tax Planning: Developing strategies to minimize tax liabilities while ensuring compliance.
- International Tax Advisory: Providing guidance on cross-border tax issues and optimizing tax positions in multiple jurisdictions.
- Economic Substance Regulation Advisory: Helping businesses understand and comply with ESR requirements.
- Transfer Pricing Advisory: Offering expertise in establishing and reviewing transfer pricing policies and documentation.
- Tax Impact and Gap Assessment: Conducting analysis to evaluate the impact of VAT and corporate tax regulations on your business, dentifying any compliance gaps.
- Implementation Support: Assisting with the implementation of tax strategies and ensuring adherence to VAT and corporate tax regulations.
6. Can you help with tax audits?
Yes, we provide support throughout the tax audit process, including:
- Preparing for audits by organizing documentation.
- Representing clients during audits.
- Assisting in resolving any disputes that arise from audit findings.
7. What steps do you take to ensure accurate tax filings?
We follow a systematic process that includes:
- Conducting thorough reviews of financial records.
- Using specialized software to calculate tax liabilities.
- Ensuring compliance with the latest tax regulations and guidelines.
8. What services do you provide for Economic Substance Regulation (ESR) compliance?
Our firm offers comprehensive support for ESR compliance, including:
- ESR Assessment: Evaluating your business activities to determine if they fall within the scope of ESR requirements and identifying any necessary actions.
- Filing of Notifications: Assisting with the preparation and submission of the annual notification to the relevant authorities, ensuring compliance with deadlines.
- Preparation of ESR Reports: Helping businesses prepare detailed reports to demonstrate compliance with ESR requirements, including documenting the economic substance of relevant activities.
9. How can your firm assist with transfer pricing documentation?
Our transfer pricing services include:
- Conducting a transfer pricing study to analyze intercompany transactions.
- Preparing transfer pricing documentation to support the arm’s length principle.
- Advising on best practices for structuring transactions to mitigate tax risks.
10. What is tax due diligence, and how can you assist with it?
Tax due diligence involves reviewing a company’s tax position and compliance as part of a merger, acquisition, or investment process. Our firm can assist by:
- Conducting a comprehensive analysis of tax liabilities and exposures.
- Evaluating compliance with tax regulations.
- Identifying potential tax risks that could impact the transaction.
11. What should I expect during the initial consultation?
During the initial consultation, we will:
- Discuss your specific business needs and challenges.
- Review your current tax compliance status.
- Outline how our services can help you achieve compliance and optimize your tax position.
12. What industries do you specialize in?
We work with a diverse range of industries, including but not limited to:
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- Manufacturing
- Retail and E-commerce
- Real Estate and Construction
- Technology and Telecommunications
- Healthcare and Pharmaceuticals
- Hospitality and Tourism
- Financial Services
- Energy and Utilities
- Logistics and Transportation
- Media and Entertainment
- Professional Services
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Our team is equipped to address the unique tax challenges and compliance requirements specific to each industry, ensuring tailored solutions that meet your business needs.
13. What is the process for engaging your services?
To engage our services, simply contact us through our website or call our office. We will schedule a consultation to discuss your needs, after which we will provide a tailored service proposal.
