Corporate Tax
Corporate Tax
Corporate Tax is a direct tax levied on the taxable profits of businesses. Except Bahrain, all GCC countries have well structured Corporate Tax Frameworks that are dealt with by respective Tax Authorities of those countries.
01. Our Corporate Tax practice offers the following services:
Corporate Tax Impact Assessment
This requires gaining a deep understanding of the client business, identification of key risks, evaluation of the tax consequences triggered by the client’s modus operandi and translation of the said effects into dirham value tax-exposure on an As-Is basis.
Corporate Tax Strategy
This service offering aims to optimize the tax exposure but at the same time endeavors to find the right trade-off between minimization of tax exposure and maximization of non-encumbrance of business continuity due to unnecessary time and money spent on compliance.
Corporate Tax Implementation
We provide implementation guidance and support in line with the Corporate Tax Strategy, which includes tax registration support, review and proposed modification of the Accounting system, chart of accounts, tax codes, tax accounting treatments and scheme of tax accounting entries, identification of tax-trigger points such as covenants, communications, publicly displayed information, etc, and provide the necessary advice on how to remain compliant with the Corporate Tax law.
Corporate Tax Retainer
Either upon completion of the implementation support phase or by way of a separate engagement, we offer Corporate Tax Retainer services through which we hold the fort during business as usual, and provide year-round support by allocating a specified duration of time per month that can be utilized for taking advice and guidance on day to day matters.
Corporate Tax Registration
Some companies require assistance in their Corporate Tax registration as a separate service. We offer end-to-end support in tax registration ensuring that the deadlines provided by the Tax Authority are met through prompt exchange of information with the client, and, if necessary, with the Tax Authority in question.
Corporate Tax Audit Liaison
In case your company has been notified of an Audit of your Corporate Tax return(s) filed, we are your best option to strategize on planning, liaising with the Tax Authority on your behalf and finalizing the audit.
Tax Dispute Resolution
Quite often the taxpayers end up in a vicious cycle of tax grievances and penalties. We have a team of seasoned tax consultants, approved tax agents, forensic experts and legal practitioners who join hands to annul or alleviate the punitive burdens of our clients in the most optimal manner.
02. Corporate Tax Training
We take pride in being the best Corporate Tax training providers in the GCC and have trained senior executives from the industry and professional practice for the following:
ACCA’s Tax & Regulation Certificate (UAE Fellowship Program)
UAE Corporate Tax Diploma program (by UK’s Association of Tax Technicians) - a pathway to FTA’s Tax Agent charter.
03. Full-Suite of Corporate Tax Services
04. Our Corporate Tax Credentials
We have served leading international groups in banking, insurance, investment companies, exchange houses, finance houses, manufacturing, trading, textile, precious metals, technology, fintech, virtual assets and many other industries. A significant portion of our client portfolio comprises public interest entities listed on stock exchanges of the world, identified as MNEs of BEPS Pillar 2 framework. Our technically sound, in-depth and collaborative style of service delivery has resulted in millions of dollars in tax savings to these satisfied clients.
Leadership
Muhammad Altaf Hussain
Head of Consultancy and Tax Division
altaf@szca.ae
+971 50 971 7890
Request for Proposal
Latest Publications
Tax Bites Edition 2 of 2024
Assurance Bites Edition 01 of 2024
Accounting Bites Edition 1 of 2024
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