International taxation in the UAE is evolving and getting updated on real-time basis at an unprecedented rate. Base Erosion and Profit Shifting (‘BEPS’) which refers to tax avoidance strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations, has been the focus of anti-tax avoidance discussions globally. The United Arab Emirates has become the 116th jurisdiction to join the Inclusive Framework on BEPS (“IF”) to implement the BEPS measures and tackle BEPS.
A & A Associate tax experts can help you consider/evaluate the developments pertaining to BEPS as may be applicable for your business, ensure compliance with internationally agreed standards on exchange of information for tax purposes and analysing tax treaties for any beneficial provisions affecting your business transactions and structures.
How can Tax Services process help your business to grow?
Prevention of Financial Loss
Tax planning is an essential step as it guides your business in the financial front by presenting a transparent financial picture and helps to prevent any kind of financial loss
Enhance Company’s Goodwill
Paying tax on proper time helps your business to build its goodwill in the eyes of the government. Proper tax planning will give you an idea regarding the inflow and outflow of business cash
Fetch out more investment opportunities
Tax management can help an organization to figure out more investment options for the future business growth as it builds a confidence in the minds of internal and external stakeholders regarding the utilization of funds
Reduction in tax liability and enhancing profitability
The moment you end up managing tax, it systematizes the working system. This helps in reducing the tax liability and increase profitability.
Determine a financial barometer for your organization
Tax planning provides a barometer that keeps a check on the financial front of your business regarding the profits earned. Moreover, it will also help you to avoid unwanted loss.
Helps in Audit Process
Proper management of tax helps to ease the audit process which gets conducted internally and externally, and contributes to earning the trust of auditors