The Ministry of Finance announced that Corporate Tax legislation will be introduced in the UAE on the 1st of June 2023, applicable from the 1st of January 2024. This change is expected to cause a variation in the demographic of businesses residing in the UAE due to the effects on their tax-free benefits amongst others. We work directly with our clients to develop tailored tax planning strategies that align with specific personal and corporate goals. Our combined team of specialists will identify specific business issues, anticipate all impacted areas, and tailor solutions to fit client-specific context and business.
Business Tax Services
We have designed our Business Tax services to meet your business tax compliance and advisory needs. Our tax professionals use their diverse experiences and skills to give you a seamless service through all the challenges of financial accounting, tax compliance, planning, and control. We use consistent global methodologies and unwavering commitment to quality service to provide you all you need to build strong compliance and reporting foundations and sustainable tax strategies that help your business achieve its ambitions.
International Tax Advisory
International tax professionals assist our clients with cross-border tax structuring, planning, reporting, and risk management. Our market-leading Global tax desk network – a co-located team of highly experienced professionals from multiple countries- has revolutionized how we provide international tax services. We work with you to build proactive and truly integrated global tax strategies that address today’s businesses’ tax risks and achieve sustainable growth.
The change in tax legislation means public departments in the UAE require further registration and documentation from businesses to comply with Corporate Tax legislation. We provide help in all advisory and filing requirements for businesses in order to comply with Corporate Tax legislation, such as;
- Tax accounting:
Supporting periodic tax provision calculations and validating tax balance sheet accounts
- Tax function performance:
Improving operating strategy and organization design, tax process and controls, and systems effectiveness. Further to this, we also improve the business model and provide advice on re-structuring options.
- Tax risk:
Identifying and prioritizing key risks and assisting with controls monitoring and remediation.
We are determined to provide consistently high-quality service to address your unique needs throughout the entire tax life cycle of planning, provision, compliance, and working with the tax authorities.
- Transaction Tax
There are tax implications for each business transaction, whether it’s an acquisition, disposal, refinancing, restructuring, or initial public offering. Planning for these implications can mitigate transaction risk, enhance opportunity, and provide crucial negotiation insights. Our Transaction Tax services comprise professional advisers who can help you do that. By combining diverse cross-border transaction experience with local tax knowledge across a broad spectrum of industry sectors, we can help you make informed decisions and navigate the tax implications of your transaction. Because every deal has a distinct profile, we mobilize wherever needed, assembling a personalized, integrated global team to work with you throughout the transaction life cycle, from initial due diligence through post-deal implementation. Our integrated approach means you gain access to high-quality tax advice wherever your transaction occurs.
Being a tax advisor Insights team will ensure:
- Timely and accurate filing of returns.
- Assistance in resolving any client queries during the process.
- To provide help with immediate compliance tasks to add long term value to clients.
- Identification of better planning and disclosure opportunities.
- Simplification and standardization of processes and controls.
- Monitor tax law changes to ensure the client remains compliant with current requirements and are alerted promptly of material impacts that may require additional planning.