Corporate Tax Planning Dubai | Direct and Indirect Tax UAE

Tax & Real Estate Planning

Corporate Tax Planning

Wincore advisory Group has extensive experience in advising and assisting companies from public corporations to family-owned entities, including a full scope of Corporate Tax Planning, Tax Structuring, Direct and Indirect tax capabilities in a wide variety of jurisdictions. Our tax experts are all trained from both “BIG 4” practices and international major law firms and are able to provide our clients with an integrated range of services.

Combining our cross-border transaction experience and local tax knowledge, Wincore Advisory Group provides our clients with innovative, reliable and comprehensive Corporate Tax Planning in Dubai. With our international reach and long-standing relationships with correspondent firms, we have the ability to offer corporate tax advice and corporate tax services worldwide.

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International Tax Services

Combining our cross-border transaction experience and local tax knowledge, Wincore Advisory Group provides our clients with innovative, reliable and comprehensive Corporate Tax Planning in UAE. With our international reach and long-standing relationships with correspondent firms, we have the ability to offer corporate tax advice and corporate tax services worldwide.

Tax efficient structuring of inbound and outbound investments.
Most suitable vehicle/s for the considered investments.
Thin capitalization, and Foreign investment restriction.

Transfer Pricing

There is increasing focus on this area now worldwide. Our local and international team specializes in assisting companies with the following transfer pricing services:
Preparation of local and global transfer pricing documentation consistent with your needs;
Evaluation of transfer pricing risks and provision of practical recommendations to mitigate risks and explore opportunities;
Advice on transfer pricing strategy development/planning;
Assistance in the negotiation and obtention of an Advance Pricing Arrangement / Mutual Agreement Procedure with competent authorities.

Tax for M&A and Reorganizations

Our team has deep knowledge and experience in working with complex transactions in the GCC and Africa.
We can assist corporate and private equity investors to help with domestic and cross-border transactions including:
Tax advice on the tax consequences of individual acquisitions, joint ventures and divestment’s to help design a tax-efficient transaction structuring;
Corporate Tax due diligence services to examine tax risks of target corporations which impact corporate valuations and purchase agreements;
Corporate Tax review of transactions documentations to ensure protection from potential tax liabilities that may be incurred in the future.

Tax Investigations and Disputes

Along with our worldwide network of trusted tax lawyers, we can provide quality advice on complex, high-value tax disputes across all corporate taxes and sectors for both local and international clients in particular:
Advice on information requests,
Global investigations,
Corporate tax audits and dawn raids;
Litigation,
Settlement of corporate tax disputes

Economic Substance Regulations

Wincore advisory Group can conduct an economic substance diagnostic and assist you in the provision of qualified Directors, in your domain of activities to comply with the UAE economic substance requirements.

The UAE set to introduce corporate taxes on business profits effective for the financial years starting June 1^st 2023
The UAE’s statutory tax rate will be 9% for taxable income exceeding AED 375,000
The UAE’s statutory tax rate remains 0% for taxable income below AED 375,000
A different tax rate will apply for specified multinationals; having consolidated global revenues in excess of AED 15 billion – and meeting other conditions.
Individuals will not be subject to taxes from employment, real estate, and investment in shares, or other personal income not related to a UAE trade or business
No corporate tax will apply on foreign investors who do not carry on business in the UAE
Free zone businesses that meet all the conditions can continue to benefit from corporate tax incentives
No withholding tax will apply on capital gains and dividends received by a UAE business from its qualifying shareholdings
No corporate tax will apply on qualifying intragroup transactions and restructuring
Foreign tax will be allowed to be credited against UAE corporate tax payable

UAE New Corporate Tax Laws

The UAE set to introduce corporate taxes on business profits effective for the financial years starting June 1st, 2023. The new Corporate Tax regime has been designed to incorporate best practices globally and minimise the compliance burden for UAE businesses. This cements UAE’s position as a global trade hub and allows the country to meet the international standards for transparency and preventing harmful tax practices.

The information on this page is meant to provide an initial overview of the UAE Corporate Tax regime in advance of the relevant legislation being finalised and promulgated.

If you wish to discuss the potential implications of this new corporate tax regime on your business feel free to contact us today at +971 4 221 2602 or [email protected].