Corporate Tax Services

During the impact assessment, we will make you familiar with corporate tax and our tax experts will help in preparing your business for the corporate tax regime. We will give you a thorough understanding of the procedures, process and policies and help you understand the overall impact on your business and cash flow.

• Understand the organization structure, shareholding pattern and overall business process and flow in the UAE and outside UAE.
• Understand and review the transactions, specifically transactions with related parties/connected persons.
• Understand and review the accounting/IT systems including the chart of accounts and flow of information.
• Review the type, nature and classification of expenses including those paid to related or connected parties.
• Identify the nature, type and classification and quantum of the disallowable expenses.
• Calculate the adjusted/ budgeted net profit and understand the potential impact on the cash flow.

The Law is published and soon the regulations will be out also, we will guide you through the next stage of doing a thorough analysis of the law in relation to your business activities. It will assist you in understanding the aspects of the law relevant to your particular industry and preparing the financials as necessary.

• Advising on the structure and suggesting the most beneficial structure from the corporate tax perspective.
• Advising on opting or selecting the – Tax Group or Individual registration option, with regard to both cost and compliance.
• Need based modification on the impact assessment once the regulations are published.
• Identify those accounts in the financial statement or chart of accounts that require adjustment.
• Study the impact on profit and cash flows specially with respect to transactions with related parties (as per transfer pricing guidelines).
• Rework the adjusted/ budgeted net profit and understand the potential impact on the cash flow.

This is the final stage and needs a full proof plan right from registering your business with FTA and implementing for your day to day operations.  We will help business with mapping and identifying gaps and addressing them with upskilling, training or outsourcing, especially in the first year.

• Putting the structure in place.
• Support and Assistance in Registration with FTA.
• Help and assist in calculating and determine arm’s length pricing from transfer pricing requirements.
• Help in modification to chart of accounts, if applicable.
• Training finance staff on requirements and legislation.

Return filing is an integral component of the Corporate Tax regime. Apart from ensuring tax compliance for your tax affairs are up-to-date and dealt with efficiently, we will also assist you with filing tax returns every year. We will guide you on tax calculations, offer tax planning advice and preparing and submitting accurate information in compliance with the law.

• Review of the audited/unaudited financial statement as per IFRS and generally accepted accounting principles.
• Helps in identifying the taxable adjustments to be carried out as required by the CT legislation.
• Prepare the adjusted financial statement for CT purposes and adjust the transfer of losses, if any.
• Arrive at the adjusted profits and discuss the impact of disallowed expenses and capping rules.
• Finalize and file the CT return ready with necessary supporting documents.
• Need based post Tax return filing assistance