• When businesses have complex or diverse organisational structure set up across mainland, free zone, GCC, non-GCC, connected with subsidiaries, branches, holding company and other companies from the same group, etc., how are the subject revenues affected by corporate tax law?
• For cross border businesses selling in the UAE, the company needs to evaluate as to whether a permanent establishment exists and the obligations thereon for corporate tax purposes.
We, at AJMS, can facilitate this tax transformation process and are well positioned in this regard to support our clients in the UAE. Our team of experts have hands-on experience of corporate tax implementation in the GCC and international markets and have also leverage technology to provide end to end solutions for our clients. Our integrated approach supports our clients at each stage of their tax transformation including, but not limited to as follows:
Gap assessment phase – Conducting a detailed impact assessment of their current businesses (qualitative and quantitative) with regards to financial, legal and operational perspective.
Design phase – Conducting detailed analysis and planning of the key areas of consideration for smooth implementation.
Implementation phase – Supporting in the implementation of the new CT regime including selection of IT tool or existing system transformation as well as training.