TAX

The introduction of various tax laws in the UAE poses a new dimension to business in the country. We understand the challenges of our clients and provide them with the best solutions to cope with tax law compliance.

Effective tax planning can empower businesses 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 dedicated team has relevant knowledge of the laws and regular updates from the authority. This enables our clients to concentrate on their business and reduce their stress towards the tax law compliance requirements.

Our tax consultancy services include: 

Tax registration, de-registration, amendments, filing of tax returns, tax payment services, filing of tax refund applications, forming tax groups, transfer pricing documentation services, etc...

 

Our services in the category of tax advisory include:

 

VAT

Our team of tax experts wields solid experience and expertise to support on:

• VAT Registration, 
• VAT Deregistration, 
• filing of tax returns, 
• Tax payment services,
• Filing of tax refund application, 
• Filing voluntary disclosures, 
• Forming tax group, 
• Conduct VAT Compliance Reviews on a periodic basis, 
• VAT document reviews
• Training
  
  

Corporate Tax

UAE issued Corporate Tax Legislation, Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses which is applicable to business profits from financial years starting on or after 1 June 2023. Getting the business ready for the corporate tax regime is going to be a major challenge for enterprises operating in UAE. 

As the UAE moves towards creating a transparent economic environment, our team of Tax experts can guide you with:

• Assessment and structuring of transactions. 
• Knowledge-sharing sessions to prepare the Corporate Tax legislation.
• Corporate Tax Registration / Deregistration
• Corporate Tax Grouping, 
• Calculation of income chargeable to tax
• Preparation and filing of Annual Corporate Tax Returns, 
• Preparation and filing of written submissions against notices received from FTA.

ESR

As part of the UAE’s commitment as a member of the OECD Inclusive Framework, and in response to an assessment of the UAE’s tax framework by the European Union Code of Conduct Group on Business Taxation, the UAE issued Economic Substance Regulations (Cabinet of Ministers Resolution No. 31 of 2019), (the “Regulations”) on 30 April 2019.

 

The Regulations require UAE onshore and free zone companies and certain other business forms that carry out any of the defined “Relevant Activities” to maintain and demonstrate an adequate “economic presence” in the UAE relative to the activities they undertake (“Economic Substance Test”). 

 

Our team of Tax experts can assist you every step of the way in your ESR Compliance journey:

• ESR Assessment
• ESR notification
• ESR Reporting
• ESR Advisory 

 

Excise Tax

With effect from October 1st, 2017, the UAE government implemented the Excise Tax Federal Decree Law – No 7 of 2017. Later, with effect from 1st December 2019 additional products came under the purview of excise tax vide Cabinet Decision No 52 of 2019. UAE’s Federal Tax Authority (FTA) introduced an electronic system that allows businesses to register excise goods and meet reporting requirements pertaining to Excise Tax. Businesses are required to submit declarations to showcase transparency in the movement of goods falling under the canopy of excise. 

 

Companies seeking assistance in navigating their Excise Tax Compliance journey can leverage our services as our team of tax experts help with Excise Tax advisory and implementation support.

 

Transfer pricing

As a part of the UAE corporate tax regime, Transfer Pricing (‘TP’) provisions are introduced to regulate the transactions between related parties and require the taxpayers to maintain the necessary documentation to justify the pricing of their related party transactions, so that such related party transactions do not become a tool for the erosion of tax base. As per Article 55 of UAE CT law, the TP documentation must be submitted to the FTA within 30 days of request by the FTA.

 

Our team of Tax experts can assist you to conduct informative sessions on the transfer pricing regime, review of intra-group transactions to ascertain the applicability of UAE TP provisions, identification of related party/connected persons, review of the intercompany agreements from the TP perspective, preparing and filing transfer pricing disclosure forms, master file, and local file.

 

Tax Residency Certificate

Our team of experts assists you with obtaining Tax Residency Certificates to prove that the entity is a Resident of the TRC-issuing country.