18 Jan
18Jan

To know more about the need for corporate tax consultants in Abu Dhabi or across the UAE, we need to understand corporate tax and corporate tax law.

Corporate Tax Law

According to the Ministry of Finance corporate tax law will assist in the growth of a unified tax regime to improve the UAE’s international economic competitiveness and support global financial systems within the outline of the UAE’s formatted partnerships.

Corporate Tax  

A competitive Corporate Tax in UAE regime based on global best practices would boost the UAE’s position as a key worldwide center for investing and running a business and expedite the UAE’s growth and economic development to meet its planned objectives. Applying a Corporate Tax regime underscores the UAE’s responsibility to uphold international tax transparency necessities and eliminate damaging tax practices.

What is corporate tax consultant? 

The principal function of a corporate tax consultant or a corporate tax advisor is to help enterprises or companies in paying their taxes. They hold proficiency in corporate tax law, tax compliance, taxation filing, and planning. Both individuals or businesses can hire a tax consultant from financial management consultant for long and short-term tax optimization.

Why a business should hire a corporate tax consultant in Abu Dhabi, UAE?

A tax consultant can help with business concerns to counsel on the taxability of transactions and to make sure that the firm is complying with the UAE corporate tax Laws. The tax regimes vary from one country to another along with the challenges. As every business dreams of making a profit, tax planning must be reviewed as a business strategy in order to achieve the company's objectives. 

Tax consultant emits a higher level of skills and proficiency in tax planning. Better planning assists in tax savings and gets added as a profit to the organization. The UAE was known to be a tax-free country until the VAT come into existence on 1st January 2018 at a standard price of 5%. Hiring a corporate tax consultant is all-important to avoid errors and fines. For the navigation through the VAT policies ruling in the UAE, it is important to hire VAT professionals as they provide suitable updates and consultancy on the corporate tax laws introduced by Federal Tax Authority.

Significance of Hiring a Corporate Tax Consultant

  • Professional corporate tax consultants give the right guidance and services that are error-free. 
  • Professional corporate tax consultants with comprehensive training can smoothly communicate with clients and they take a business on the right path. 
  • A highly skilled corporate tax consultant is well-educated in government policies and government work which helps to work with the tax problems of the client. The right use of available resources of the client in a successful way without busting any law. 
  • Tax Consultants are well-updated with the changes made by the tax authority in rules and regulations. 
  • Offers precise and expert legal suggestions to their clients. 
  • Clients can be reassured by the stress of tax and tax-paying procedures if tax professionals are there. 
  • Tax consultants monitor the tax procedure and work to protect the money of the client.

Why choose Acquara Management Consultant for corporate tax consultancy services in UAE?  

Acquara Management Consultant offers supremely qualified and experienced chartered accountants as tax consultants who have suitable industry-centric experience in taxation complying according to UAE Laws to structure books of accounts and to meet the VAT filing requirements for any business. Acquara Management Consultant offers corporate tax consultants in Abu Dhabi and across UAE to clients to avoid tax fines and errors.

Read more: Several Benefits Of Hiring a Tax Consultant In Dubai


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