Tax & Risk Compliance

We provide comprehensive tax guidance, helping you navigate complex tax laws, regulations, tax structures, compliance, and reporting. Our strategies align with your overall business goals in ensuring tax efficiency, robust compliance and informed decision-making.

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Keeping Abreast with Evolving Tax Regulation

In the dynamic business environment of the UAE, we understand the importance of staying updated with the evolving taxation rules and other regulations. We are committed to keeping ourselves abreast of these changes and how they affect businesses of all sizes in the country. This commitment enables us to provide our clients with timely and relevant advice, helping them navigate the complexities of the regulatory landscape with confidence.

Tax Risk

Understanding tax risk involves recognizing the potential negative outcomes that can result from failing to comply with tax laws or applying incorrect tax treatment. It's important for addressing tax-related liabilities, meeting regulatory requirements, and maximizing tax planning strategies. Organizations can maintain their reputation and financial standing by minimizing tax disputes, which ultimately leads to long-term stability and success.

VAT

In the ever-changing landscape of the United Arab Emirates (UAE), Value Added Tax (VAT) became a crucial instrument for expanding revenue streams in 2018. Implemented on goods and services, VAT promotes fiscal sustainability while streamlining tax administration. VAT promotes transparency and fair taxation, supporting public services and infrastructure development in the UAE by spreading the tax burden across the supply chain.

Corporate Tax

UAE corporate tax refers to the tax levied on the profits of corporations operating within the United Arab Emirates. As of 1st June 2023, the UAE imposed federal corporate income tax @9% on most businesses, except for certain exempt, qualifying freezones, and other activities such as oil and gas production and banking. However, companies may also be subject to other taxes such as customs duties, withholding tax, or specific industry taxes depending on their business activities and location within the UAE.

Other Advisory and Risk Consulting Services

Anti- Money Laundering

Measures and regulations implemented by financial institutions and regulators to detect and prevent illegal activities aimed at disguising the origins of illicit funds. It protects financial systems from abuse, mitigates risks of financial crime, ensures regulatory compliance, enhances trust and confidence in the financial sector, and contributes to the global fight against money laundering and terrorism financing.

Internal Audits

Systematic examinations and evaluations of an organization's processes, controls, and operations conducted by internal auditors to ensure effectiveness, efficiency, and compliance with policies and regulations. These Identify operational inefficiencies, detects fraud, assesses compliance with policies and regulations, strengthens internal controls, and provides valuable insights for decision-making and risk management.
Tax Advisory and Compliance

ESR Compliance

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 (“EU”) Code of Conduct Group on Business Taxation, the UAE introduced a Resolution on the Economic Substance. As per the Law - Cabinet of Ministers Resolution No. 57 of 2020, the “Regulations on 10th August 2020, any Licensee covered under any of the 9 listed activities (Holding Company, Lease-Finance, Investment Fund Management, Headquarter Business, Distribution and Service Centre, Intellectual Property, Banking, Insurance, and Shipping) must submit a notification and a report to the Federal Tax Authority by 31st of December each year. Additionally, the law came into effect from 1st of January 2020.

For further assistance, please contact our consultants.

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