1. Corporates Tax
What Is Corporate Tax?
In simple words, Corporate Tax refers to a part of company’s net profits paid to the revenue authority of the country in which an entity conducts business. However, that net profit is first converted into taxable net profit through certain tax adjustments as prescribed in the legislation. In most of the jurisdictions of the world, a progressive taxation system works where different slabs of income are subject to different Corporate Tax rates.
– Assessment
– Transformation &Technology
– Registration, Compliance & Return Filing
– Special purpose reviews
– Audit, Refund and Grievance
2. VAT, Customs & Excise Tax
With increased globalization, the expansion of international business transactions and the regional popularity for VAT, it is becoming more critical than ever to manage indirect taxes in order to optimize cash flow and reduce risk.
Services we offer:
Impact Assessment
Transformation & Technology
Registration, Compliance & Return Filing
Special purpose reviews
Audit, Refund and Grievance
With increased globalization, the expansion of international business transactions and the regional popularity for VAT, it is becoming more critical than ever to manage indirect taxes in order to optimize cash flow and reduce risk.
Advisory on savings, restructuring, exemptions, and tariff classification
Market entry readiness and value chain optimization
International trade review and due diligence
Special purpose reviews
Transformation & Technology
3. Corporates Tax
The UAE is the third GCC country to implement CbCR following the introduction of transfer pricing by-laws in Saudi Arabia and CbCR implementation in Qatar. The CbCR compliance requirements apply to those entities that meet the following criteria:
are “tax residents” in the UAE
are part of a multinational enterprise (MNE)
have consolidated revenues equal to or exceeding AED 3.15 billion (approximately EUR 760 million or USD 855 million) in the preceding financial year.
Our specialists can help you gauge your organizational readiness to collect and aggregate the data needed under the CbC Reporting requirements and assess the appropriateness of existing transfer pricing arrangements.`
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