Taxation in UAE & GCC Countries
Taxation in UAE & GCC Countries
Welcome to our exceptional Corporate Tax Services in the UAE, where we are dedicated to assisting businesses with expert tax solutions and compliance in the ever-evolving corporate tax landscape. Corporate tax is a crucial aspect of financial management for companies operating in the UAE, and navigating the complex tax regulations requires specialized knowledge and experience. Our team of skilled professionals is well-versed in the intricacies of corporate tax laws, and we are committed to helping businesses optimize their tax strategies while ensuring full compliance with local regulations. From tax planning and filing to resolving tax-related issues, we provide comprehensive corporate tax services tailored to your unique business needs. With our expertise by your side, you can confidently focus on your core business operations, knowing that your corporate tax matters are in capable hands. Choose our Corporate Tax Services in the UAE to drive financial success and secure your business’s growth in this competitive market.
Financial Statement Audit Service by the Top Listed Audit Firms in Dubai, Abu Dhabi, Sharjah, and the other Northern Emirates in the UAE. The dynamics of taxation in the United Arab Emirates (‘UAE’) and other GCC Countries are evolving. The introduction of new regulations has resulted in new and elaborate compliance procedures and filing requirements for the entities doing business in these countries.
UAE has already introduced Value Added Tax (‘VAT’) in 2018. UAE also levies Excise Tax on certain goods that are considered harmful to human health.
The UAE joined the OECD Inclusive Framework on Base Erosion and Profit Shifting (“BEPS”) on 16 May 2018. By joining the Inclusive Framework, the UAE has committed to implement BEPS minimum standards.
As a process of implementing BEPS minimum Standards, UAE has introduced Economic Substance Regulations to initiate adherence to Action 5 and CbCR to adhere to Action 13. The possibility of the introduction of Transfer Pricing Regulations also cannot be ruled out.
UAE has also been the signatory to join the most powerful multilateral treaty against offshore tax evasion and avoidance in the process of preventing Treaty Abuse (Action 6).
Further, the introduction of the Beneficial Owner Procedure in 2020 is in accordance with the Anti Money Laundering Regulations.
In this dynamic and rapidly shifting tax environment and unprecedented change in the market scenarios, tax professionals at Emirates Chartered Accountant Group offer solutions across all tax disciplines to help you thrive and concentrate on your goals.
TAXATION
- VAT Consultancy Services
- Tax Agent Services
- Tax Audit Services
- Excise Tax Services
- Excise Tax Services
