Corporate Tax Advisory Services
Corporate Tax Advisory Services
The new corporate tax regime came into effect on 1 June 2023. The new taxation rules will affect your operations and financials. Also, it will need you to comply with registration, returns filing, and similar other obligations. To make you ready for the new regime, you need proper planning, impact assessment, and help with international taxation.
FAME Advisory helps you with all these with its Corporate Tax Advisory Services.
FAME is an International Corporate Tax Advisory company in the UAE with clients from all walks of life. We have a strong team of professional tax consultants to help you in every corporate tax-related matter. We provide complete, high-quality, and timely customised Corporate Tax Advisory Services. Our Corporate Tax Advisory Services in Dubai help you adjust to the new tax climate.
Concerned about Corporate Tax Compliance for your business?
Let our seasoned Corporate Tax Advisors guide you
Our Corporate Tax Advisory Services
FAME Advisory’s International Corporate Tax Advisory Services make you understand its impact on your business. You can identify the new compliance requirements expected from you in UAE. We also help you get around the new tax regime and not see it as an extra burden but as a strategic development. Also, our professional expertise helps you prepare better with your concrete corporate tax plan.
The new regime also affects intra-group company transactions. For this, we analyse your domestic and international transfer pricing operations to suggest you the best solution. You also get full support in your International Tax Compliance matters in the form of Tax Planning, expansion strategy, and tax reporting. As a Tax Advisory Company, FAME helps you stay ahead of the curve in complying with tax regulations. If you’re currently non-compliant, don’t worry—our Corporate Tax Representation Services are here to assist you in getting back on track.
Our Corporate Tax Advisory Services include the following
Corporate Tax Impact Assessment
We conduct comprehensive and accurate Corporate Tax Impact Assessments for your business. This includes an evaluation of the group’s corporate structure to identify restructuring alternatives. Our corporate tax impact assessment services include:
- Necessary advice on changes in existing systems, processes, and practices in business operations needed to achieve corporate tax optimisation.
- Analysis of transactions and situations in your business where corporate tax’s impact is unknown.
- Identify expenses allowed and disallowed as deductions to arrive at accurate corporate tax calculations to determine the tax liability.
- Recognise the potential number of cross-border transactions, intra-group transactions, and long-term agreements because corporate tax affects such transactions.
- Assess product/service pricing to consider the corporate tax effect.
- Consideration of accounting standards, capital and revenue expenditure categorization, and other corporate tax calculation principles.
Corporate Tax Planning
One of the key corporate tax advisory services of FAME is Corporate Tax Planning. We help you prepare a proper strategy to adjust and amend your business processes, technology, and systems in accordance with the new corporate tax regime. Our corporate tax planners ensure you develop an ability to manage and mitigate the tax risks of your business.
Our competent corporate tax planning and management services include:
- Planning business structuring, corporate tax registration, changes in accounts, and training requirements
- Optimising tax liabilities to reduce your tax burden
- Generating ideas for long-term tax benefits
- Complying with mandatory obligations on time
- Planning the pricing of products and services for intra-group transactions according to the local laws and OECD best practices
Transfer Pricing Services
Your transactions with other subsidiaries in the group company need to be fairly priced and reported, including the impact of corporate tax. Our corporate tax consultants analyse your local and cross-border intra-group transactions to ensure compliance with transfer pricing laws. We manage the relevant documentation, entry recording, and risk management.
We review your local and cross-border transactions with related parties and connected persons. The crux lies in determining the transfer pricing position for each transaction type after considering the local and international transfer pricing practices. Our tax advisors support you with maintaining proper records and documents for transfer pricing transactions required during the audit. We help you maintain a Master file, a Local file, and a CbC report.
The transfer pricing policies lead to a change in business structuring, supply chain, and other procedures. We advise you on these matters with personalised advisory services based on your business needs. We also help you with the following:
- Alignment of transfer pricing policies with business objectives
- Incorporating tax efficiencies into existing intra-group transactions
International Taxation
FAME Advisory’s International Corporate Tax Advisory Services include advice on international taxation matters. Our international taxation experts help you with frequent tax health checks to ensure you stay compliant with corporate tax requirements. We manage the repatriation of funds and advice expatriates on handling corporate taxes.
We study the impact of BEPS constraints and tax treaties with other jurisdictions so that you can meet global tax requirements. Our corporate tax advisory services include tax assessment of countries where you plan to expand. This includes structuring outbound and inbound investments to achieve tax efficiencies.
As a leading tax advisory company in UAE, we advise you on taxes for group companies, appropriate structuring, international tax reporting, and other matters. Our comprehension of multilateral tax agreements and double tax treaties ease your compliance with tax rules. You also get the benefits of customised international tax planning depending on your business, offerings, and countries of operation.
Not sure how corporate tax will have an impact on your business?
Get in touch with us for Corporate Tax Impact Analysis.