Impact assessment (Pre introduction of the CT legislation)
These services are setup to get familiar with Corporate Tax and conducted prior to Corporate Tax legislation coming into effect. In helping your business prepare for Corporate Tax, our tax experts are trained to give you a thorough understanding of both the legislations as well the policies and procedures which helps you to understand the impact of the Corporate Tax on your business.
- Understand the business and the organization structure in the UAE.
- Understand and review the transactions specifically wrt related parties/connected persons.
- Understand and review the existing IT systems including the chart of accounts.
- Review the nature of expenses including those paid to related or connected parties.
- Identify the nature and quantum of the disallowable expenses.
- Rework the adjusted EBIDTA and understand the potential impact on the cash flow.