Tax Liabilities Reporting in UAE

The Middle East region is transforming regarding new tax laws, liabilities and regulations. The introduction of new laws does not just mean new tax costs for businesses. They also represent new organizational and operations demands. Complying with UAE’s new tax obligations creates new demands on companies’ data, systems, processes, and people.

Therefore, managing the challenges regarding tax exposure requires expertise to consider all relevant taxes in the context of your commercial objectives. An effective tax plan will help you make the most of all available tax reliefs and maximize savings. This is particularly important if you’re an entrepreneurial start-up, restructuring your business, considering a transaction, or expanding overseas.

On 31^st January 2022, the UAE Ministry of Finance (‘MoF’) announced the introduction of a federal corporate tax (‘CT’)  in the UAE that will be effective for financial years starting on or after 1st June 2023. The UAE regime will be based on international best practices.

At SSandCo. we help our clients understand tax plans and meet their tax obligations whilst always seeking tax and process efficiencies, maximizing savings. We offer a full suite of tax compliance and advisory services to a range of businesses whether a business needs support with their day-to-day tax function, periodic reporting, a significant transaction, changes in operations, or changes in tax legislation.

We provide value-added services, including (not limited) :

• Corporate Tax

• VAT

• Economic substance regulations

• International Tax

• Transfer Pricing

• FACTA

• Tax Residency Certificates in U.A.E.

• Double Taxation Agreements

Contact us for more information at info@SSandCorporate.com