Stringent taxation laws in the UAE have ensured that corporations strictly adhere to all tax-related legalities. Regular audit checks by the government analyse tax payments and make sure they are accounted for, collected and paid to the tax authorities on time. This tax payment process is further complicated by the ever-changing regulatory landscape.
In the wake of the COVID-19 distress, responsibilities such as financial reporting and ensuring tax return compliance have posed significant challenges to business operations. Managements are constantly seeking ways to adopt more agile ways of fulfilling their obligations without compromising on efficiency.
Businesses are, thereby advised to outsource all tax management services in order to mitigate the risk of errors while compiling the documents.
MBG Corporate Services can help you tackle any non-compliance issues with cost-effective solutions. Our team of tax agents is well-versed in all the applicable taxes in the UAE, including Value Added Tax (VAT), Economic Substance Regulations (ESR), Excise Tax, Customs and Country-by-Country Reporting. We help identify resource gaps in businesses and formulate effective plans to address them. Our expertise can also guide you in improving your business’s processes and recovering additional VAT.
