Corporate Tax in UAE

  • Review impact on financials

  • Ensure accurate VAT processes have been implemented

  • Proactively implement restructuring activities well in advance to avoid unexpected costs in future

  • ERP, catering to the best interests of your business to be implemented well in advance

  • Once CT is introduced complexities are expected, hence digitalizing business is highly recommended

  • Ensure compliance with regulations

  • Avoid inconsistencies in reported revenue figures, since two reports are required, VAT and CT

  • CFOs to review the current budget and also give enough thought for future budget especially in the areas of automation and digitalization

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