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International Taxation
The UAE is an important place for businesses because it connects Asia, the Pacific, and Europe. Many businesses from these areas use the UAE for their international transactions. International tax rules are always changing and getting updated. To understand and deal with these tax rules can be very tricky.
It is not only about understanding the rules but also about having the right partner who knows how taxes work around the world. At Hisab Taskmaster CAdvisors, we are more than just experts in taxes in the UAE. We work closely with you as your partners to make sure your taxes are handled smoothly, and your business can save money and work more efficiently. Our team knows a lot about tax laws from different nations, so we can help you understand and follow the rules in any country your business operates in.
What is International Taxation?
International taxation is when a person or a business has to pay taxes according to the rules of different countries. Every country has its own taxation rules about who pays taxes and how much, especially when it comes to income made in different nations. There are different systems to decide who should pay taxes, some countries tax based on where you live, where you make money, or by excluding certain income.
This is why to navigate these international taxation intricacies, businesses need to partner with reliable experts who have adequate knowledge of the taxation landscape of several nations.
Our International Taxation Services in the UAE
At Hisab Taskmaster CAdvisors, we provide majorly these International Tax Planning Services in the UAE to businesses. Here is an overview of our services:
1
International Tax Planning
We offer expert international tax planning services to our valued clients that is essential for maintaining legal compliance, improving operations, and reducing legal risks in the Emirates and worldwide.
2
Transfer Pricing
We offer expert transfer pricing solutions to our valued clients that are essential for maintaining legal compliance, improving efficient operations, and minimizing legal risks in the Emirates and worldwide.
3
Benchmarking Reports
At Hisab Taskmaster CAdvisors, our tax and finance experts help clients navigate the complex procedure of creating and analyzing benchmarking reports.
4
Tax Residency Certificate (TRC)
Hisab Taskmaster CAdvisors is one of the leading firms in Dubai, UAE, that helps individuals or businesses get their Tax Residency Certificate (TRC). Our professionals will handle all the documentation, approvals, and licensing procedures.
Impact of International Taxation on Mainland Companies in UAE
Unlike free zone companies, mainland companies in UAE benefit from unlimited and unrestricted market access; however, it is more complex for them to deal with international taxation challenges and requirements. Here are the requirements associated with international taxation for mainland businesses in the Emirates:
- Compliance with UAE Corporate Tax
Mainland businesses must adhere to UAE corporate tax reforms, like a 9% federal corporate tax and a 15% DMTT, if their taxable income is over the eligibility threshold. From maintaining proper financial records to filing returns timely, they need to fulfil certain requirements to stay compliant. - Double Taxation Risks
Multinational companies that are businesses operating in different countries and jurisdictions face the issue of double taxation, in which their same taxable income is taxed by more than one country. The Emirates is home to many national and international companies that are involved in cross-border transactions. The nation’s government has signed over 130 DTAs (Double Taxation Agreements) with other nations worldwide to protect such businesses from double taxation and promote transparency. - Transfer Pricing Compliance
Mainland businesses in the UAE, particularly those involved in cross-border transactions, must understand the importance of effective transfer pricing. This practice can significantly help them in reducing their tax burden, while maintaining compliance with national and OECD arm’s-length intercompany transactions and other guidelines. - Withholding Tax and VAT
Withholding tax is another main issue faced by mainland companies operating cross-border transactions in the UAE. This tax is imposed on payments to foreign businesses, and to confirm their compliance with local and global VAT regulations, they must understand the concept of withholding tax.
At Hisab Taskmaster CAdvisors, we assist multinational companies and investors operating in mainland or involved in cross-border transactions in taking full advantage of DTA agreements and provide customized solutions to protect them from the risk of double taxation, corporate tax non-compliance, etc.
Impact of International Taxation on Free Zone Companies in UAE
Establishing free zone companies in UAE is a profitable and affordable option that allows startups and entrepreneurs to enhance their business reach across the Middle East and other international markets. Despite several UAE corporate and international taxation reforms, these companies enjoy benefits like exemptions from customs duties and double taxation on goods exported or imported from or with other nations. However, if a free zone company engages with a business established in the mainland, it may lead to the imposition of specific taxes and legal issues.
Role of Hisab Taskmaster CA Advisors in International Taxation
Reliable tax consultants like Hisab Taskmaster CA Advisors can help businesses and people to understand and follow the complicated tax rules in different countries. We can help to make sure you follow the tax laws for international business and transactions. Here is what we can do:
- Advisory: We help businesses and people to understand what taxes they must pay when doing business with other countries.
- Documentation: We also assist in preparing the necessary documents for tax returns and reports.
- Compliance: Our experts make sure that your business is following all the tax rules and regulations.
Simplify Global Taxes with Hisab Taskmaster CA Advisors
We can also help to create a plan to reduce the amount of tax you have to pay while still following the laws. At Hisab Taskmaster CA Advisors, our team of experienced tax experts is ready to help you with everything from planning taxes to fixing any problems that come up with tax authorities. We are here to help you understand taxes and meet your business goals. Partner with us and take your business to new heights.
Talk To Us!
You’ve got questions, we’ve got answers.
- Office Suite 1202, 12th Floor, Fahidi Heights - AWR, Al Musallah Tower, Bur Dubai, UAE Near Sharaf DG/Al Fahidi metro exit 4
- +971 58 598 0480
- 04 255 6667
- businesswithhisab@taskmastergulf.com
