On the 2nd of October, our director, CA Nirav Shah attended the “Tax Kraanti” event that precisely reflected the compliance challenges faced and strategic approaches adopted by businesses in the UAE’s tax dynamics. On the birth anniversary of Mahatma Gandhi and Lal Bahadur Shastri, we explored how their ideals of truth, fairness, and responsibility apply to today’s corporate tax environment, especially in light of the UAE’s evolving tax dynamics.
As we explored how ethical leadership shapes the future of taxation in the UAE, Nirav’s insights reaffirmed the value of VAT and Corporate Tax comprehension for businesses in the UAE. We delved into the ‘Kraanti’ (revolution) in UAE’s tax approach with the new Corporate Tax, providing valuable insights on VAT and Corporate Tax synergies, and sharing best practices for tax integration and compliance.
Highlights of the Tax Kraanti Event
The event was focused on discussing the differences in the implications and strategies behind Corporate Tax and VAT in the UAE. The panel discussions covered crucial subjects including the key differences in compliance requirements for VAT and Corporate Tax, recent amendments in VAT aligning with Corporate Tax Provisions, and the best Practices for integrating VAT and Corporate Tax.
Together, we can continue to drive positive change and elevate the standards of tax compliance in our community. Our Tax advisory and Tax consultancy services are a step in the same direction. We look forward to more such initiatives driving the community towards more vigilant tax practices.
