Are you tax ready?
UAE government is going to implement corporate tax on following entities* for their financial years starting 1 Jun 2023.
- Sole Establishment
- Unincorporated Partnership
- Limited Liabilities Company (LLC)
- Private Shareholding Companies
- Public Joint Stock Companies (PJSC)
- Limited Liability Partnership (LLP)
While that is still in future, but companies need to take certain decisions NOW. Why?
- Compared to VAT, companies need to be more organized in terms of their accounting systems, processes, and recordkeeping for getting “tax ready”.
- Many strategic choices are involved. Those decisions need to be taken before start of financial year (so prior to 1 Jun 2023).
- Those companies operating as a group, they may need corporate reorganization for effective tax planning
- Companies operating both on mainland and freezone (either as separate entity or as branch) need to make some decisions to maintain “tax free” status of freezone entity and accordingly adjust accounting system and processes.
Who are we?
- Finnection is operating in 4 countries (Canada, USA, Australia and UAE) and thus has very diversified and broad based tax planning experience which can be applied for UAE based businesses
- Our partners have almost 30 years of combined experienced in accounting, audit, tax planning and business consulting.
What we offer?
A free, no-obligation, 1 hour discussion with following objective:
- Understand where you stand with respect to “Tax Readiness” for June 2023
- Evaluate gaps in the preparation in your specific context
- Suggest some best practices to bridge those gaps
- Highlight strategic choices you need to make before next fiscal year
This offer is only upto meetings booked on or before Sep 15, 2022
FAQs
Click on this link www.finnection.ae/appointment
Absolutely (only upto 15 Sep 2022)
We offer both in-person and zoom meetings
Owner of the business and if there is a CFO/Chief Accountant or anyone at the helm of financial affairs
The initial consultation is free and on no-obligation basis. Choice is yours, if you want to implement yourself or through some other consultant, go ahead. However, if you want to engage us, we are more than happy.
Our packages are available at https://finnection.ae/packages-pricing However, we can also discuss and customize package as per your needs.
*Certain other entities are also subject to corporate tax, but not discussed here.