Tax Consulting

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VAT Consultancy Services

Our tax professionals are dedicated to creating distinctive and often innovative tax solutions. Our approach starts by developing an in-depth understanding of your business operations. We then focus on minimizing risk and developing effective solutions to your tax challenges.

The UAE introduced Value Added Tax( VAT) on 1st January 2018 at a rate of 5%. VAT is being introduced in the UAE in two phases. In Phase 1, companies with recorded revenue of more than AED 375,000/- are obliged to register for VAT. Also within Phase 1, companies with revenue between AED 187,500/- and AED 375,000/- will have the option to register for VAT. In Phase 2, all companies will have to register for VAT; however the date for Phase 2 is still under discussion. This may indicate the manner in which other GCC countries will phase in VAT.

We assist in the following services relating to VAT

  • VAT impact study in organizations
  • Providing support service for registration
  • Providing, implementing , training accounting software for VAT
  • Training for Staff
  • Maintenance of Tax records
  • Computation of tax liability and input tax credit
  • Assistance in filing VAT Return and other Compliances
  • Monthly accounting services in consonance with VAT requirements

Effective tax advice and planning can provide a business a competitive advantage. Organizations need to plan issues related to cross-border investments, expansions, relocation, business structure etc based on various tax compliances in different states. Our professional knowledge will help to tackle business needs relating to various tax issues by serving to align business structure in a more tax efficient manner.

Transfer Pricing

Transfer pricing is a term used to describe all aspects of international pricing arrangements between related business entities including transfers of Intellectual Property, transfers of tangible goods services, loans and other financing transactions. International transactions across the border are growing rapidly and are becoming much more complex. Compliance with the differing requirements of multiple overlapping tax jurisdictions is a complicated and time consuming task. At the same time, tax authorities from different countries are imposing strict penalties. GSPU will assist you to sort out the respective phenomena through appropriate administrative solutions.

Our extensive international network provides us with significant resources to meet all your expansion goals. We strive to develop commercially focused and tailored tax strategies to minimize tax exposures and maximize business efficiency. We utilize our extensive local knowledge and proven tax-efficient strategies to maximize potential benefits and reduce risks. We use these techniques to assist you in planning your legal structure, repatriation planning and exit strategy. In summary, we focus on designing appropriate tax effective structures, to help achieve an integrated tax minimization plan. Whether to an individual or an organization, we understand that businesses regularly need to remit funds offshore. As a significant part of our international tax planning, we make withholding obligations and opportunities clear to you.