Corporate Tax Assessment
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Services for Corporate Tax Impact Assessment in the UAE
With zero tax rates and minimal tax compliance, the United Arab Emirates has long positioned itself as a favourable destination for foreign investors and entrepreneurs. However, the impending acquisitions, corporation formations, and business registrations would likely be impacted by the UAE’s introduction of a corporate tax. You must have your company evaluated in advance and make the necessary adjustments if you want to be ready to handle UAE corporation tax. We advise companies to hire the best tax advisors in Dubai for impact assessment services so they can adjust to the new tax system.
Why is corporate tax impact assessment so important to UAE businesses?
A structured method known as the “Corporate Tax Impact Assessment” is used to evaluate how the proposed corporate tax would affect the businesses while there is still time to make the necessary adjustments both inside and outside the group or standalone business unit. The effects on the company’s finances, operations, and overall profile will all be assessed by the impact assessment.
A good impact assessment results in the establishment of a framework for efficient tax planning, business reorganisation, and the implementation of sufficient compliance inspections.
Let us briefly review numerous factors related to the same
- Examine events, transactions, and situations in detail, paying particular attention to any flaws that should be corrected.
- This alludes to systematic procedures that offer early notification of potential tax consequences, a timely means of resolution, and an opportunity for resource allocation.
- For ensuring compliance with UAE CT laws and responding to inquiries about corporation tax.
- Dealing directly with the business and keeping it informed on all UAE CT requirements and impact assessment outputs would make it easier to illustrate the consequences.
- Corporate tax complexities and related operational difficulties can be discovered prior to the effective date. Should the identical tax issues be found subsequently, the company may face higher fees and operational repercussions.
- Help by supplying the information required to decide wisely on system modifications and future planning.
How corporate tax impact assessments are performed can be aided by SS&CO
Since the new law has been announced, we believe that its adoption should be carefully planned so that, with the help of competent firms, commercial operations can continue as usual both during and after its execution. Tax experts in the UAE that are adept at identifying and abiding by regulatory tax standards can assist in conducting an efficient impact assessment. With a team of capable experts that know how to do things right, SS&CO can provide corporate tax impact assessment services in the UAE in an efficient manner.
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Sidra Salman
- Ms. Sidra Islam, Founder and Managing Director
- Tel: +971 50 262 0170
Salman Sharif
- Non-Executive Director
- Tel: +966 56 0099 497
Mubashir Islam
- Senior Manager
- Tel: +971 50 262 0170
Zainab Malik
- Senior Financial Analyst
- Tel: +971 50 262 0170
Mian Ahmad Farhan
- Partner Audit & Assurance Services
- Tel: +971 50 262 0170
Gideon Kaddu
- Senior Accounting Associate
- Tel: +971 502 182 897
