Corporate Tax

The Ministry of Finance announced the implementation of Corporate Income Tax in the United Arab Emirates (UAE), effective financial years commencing on or after 1 June 2023. The UAE has introduced the lowest corporate income tax rate at a standard rate of 9%. The UAE CT regime has been designed to incorporate best practices globally and minimize the compliance burden on businesses.

Corporate Tax Impact Assessment

• Assessment of how businesses will be impacted by the new Corporate Tax Law
• Suggest bespoke strategies to tackle & smoothly transition into the new regime including Corporate Tax training
• Support in tax compliances, registrations & applications.

Transaction based Advisory services

• UAE tax implications on any transaction, contracts or agreements which include analyzing the relevant tax treaty, Permanent Establishment Analysis & Review
• Assessing PE risk based on activities & fact pattern of clients
• Providing recommendations to ring fence the risks
• Periodic updates on PE related litigation along with technical training & support.

Inbound Investment into UAE

• Advice on efficient legal entity/business type for investment from a tax & regulatory perspective
• Assist in incorporation of the entity & analyze a tax efficient capital structure
• Advice on various cross-border transactions such as royalties, dividends, and the like
• Assess the applicability of tax exemption benefits for foreign-invested entities.

Outbound Tax

• Advice on topics such as overseas investment regulations, business/legal entity forms in foreign jurisdictions, different instruments for making investments & investment structuring.
• Incorporation of foreign entity & advice on tax credits available for overseas investment.

Tax Compliance & Litigation Services

• Assist in local Corporate Tax filing services, ESR & applying for clarifications with the tax authorities
• Provide Corporate Tax health checks along with obtaining tax residency certifications
• Assist with tax audits, preparation of tax appeal & representation before the authorities.