International Taxation Consultants in Dubai, UAE

1. INTERNATIONAL TAXATION CONSULTANTS IN DUBAI, UAE

2. Global expansion offers incredible opportunities for growth and market diversification. However, with these opportunities come intricate tax challenges consideration. Every country has different tax rules because of which it becomes important for firms to ensure compliance with the tax rules of the country, they wish to operate in. As per the Federal Tax Authority (FTA), the firms that do not comply with international tax laws will be subjected to paying heavy fines. Therefore, for managing international tax issues, the best resort is to consult a highly qualified international tax advisor & consultants who has adequate knowledge about tax laws and regulations across different countries. Shuraa Tax Consultants and Accountants is one of the most reputable accounting and consulting firms in UAE. We also have a team of experienced international taxation consultants Dubai, accountants, auditors, and international tax advisors who understand the complexities that businesses face when dealing with international tax laws. Our expertise lies in helping companies like yours overcome the challenges of cross-border tax matters, ensuring compliance, minimizing tax liabilities, and enabling successful global expansion. International Taxation Consultants in Dubai, UAE that require careful

3. What Exactly is International Taxation? International taxation is the determination of tax on a person or business subject to the tax laws of different countries, or the international aspects of an individual country’s tax laws. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to taxation relating to extraterritorial income. The manner of limitation generally takes the form of a territorial, residence-based, or exclusionary system.

4. The Complexities of International Taxation Cross-Border Tax Issues Operating in multiple countries brings about unique tax challenges such as transfer pricing, double taxation, withholding taxes, and permanent establishment rules. Our team specializes in addressing these complexities to ensure your business remains compliant and efficient. Tax Treaties and Agreements Many countries have bilateral tax treaties to prevent double taxation and provide guidelines for taxing various types of income. Understanding these treaties can help in optimizing your global tax strategy. Regulatory Compliance Different jurisdictions have different reporting requirements and deadlines. Non-compliance can lead to penalties and reputational damage. We offer expert guidance to ensure your business meets all necessary regulatory obligations.

5. Importance of International Taxation in UAE The importance of international taxation in the UAE has increased in recent years due to a number of factors, including: The UAE’s growing economic ties with other countries. The introduction of a federal corporate tax in 2023. The increasing focus on tax transparency and exchange of information between countries. The need to comply with international tax laws in order to avoid penalties and other sanctions. The UAE has a network of double taxation agreements (DTAs) with over 9140 countries. These agreements aim to avoid double taxation by ensuring that income is only taxed once, generally in the country where it is earned.

6. Tax Domicile | Tax Residency Certificate Tax residency is the country where an individual or entity is considered to be resident for tax purposes. Tax Residency Domicile Certificate is another name for UAE tax residency certificate. The tax domicile of an individual is usually the country where they were born or naturalized. However, there are a number of factors that can affect an individual’s tax domicile, such as the length of time they have lived in a particular country, their marital status, location of primary home and their citizenship. A tax residency certificate is a document issued by a government to an individual or entity that confirms their tax residency status. Companies from other taxable jurisdictions and foreign investors will be able to prevent double taxation. It is given to individuals and corporate entities in in the UAE based on certain conditions.

7. Ultimate Beneficial Owner [UBO] The ultimate beneficial owner (UBO) of an entity is the natural person who ultimately owns or controls the entity. The UBO is the natural person who ultimately benefits from the activities of the entity. The identification of the UBO is also important for a number of reasons, including: Anti-money laundering and combating the financing of -terrorism (AML/CFT) compliance Tax compliance Corporate governance In the UAE, the AML/CFT law requires all financial institutions and other designated businesses to identify and verify the UBOs of their customers. The law also requires all businesses to keep records of the UBO information. The UBO information can be obtained from a variety of sources, such as the entity’s registration documents, the entity’s shareholders’ register, and the entity’s management accounts.

8. The Role of a Highly Qualified Tax Agent A highly qualified international tax consultants Dubai can play a vital role in helping businesses and individuals comply with the complex and ever-changing tax laws and regulations that apply to cross-border transactions. Advise on the tax implications of cross-border transactions. Prepare tax returns and other tax documentation. Represent clients before tax authorities. Plan for tax minimization and avoidance. Stay up to date on changes in the law.

9. How can Shuraa Tax help you with International Taxation? Experience: Our team brings years of experience in dealing with international taxation consultants Dubai. We’ve successfully assisted numerous businesses in navigating complex tax landscapes. Comprehensive Solutions: From initial consultation to ongoing support, we offer a full spectrum of international tax services, including tax planning, compliance, and dispute resolution. Global Perspective: Our extensive experience in dealing with various international tax jurisdictions enables us to provide valuable insights that contribute to your global success. Personalized Approach: We understand that each business is unique. Our solutions are tailored to your specific circumstances, ensuring that you receive the best possible advice. Contact us today for a consultation and embark on your journey to seamless global expansion. 1. 2. 3. 4.

10. Shuraa International Taxation Services At Shuraa, your taxation needs simplified! VAT Registration VAT Consultancy and Advisory services Tax Agency services VAT Reporting, Return Filing & Compliance services Excise Tax registration Excise Tax compliance and return filing Corporate Tax Registration Corporate Tax compliance and return filing Economic Substance Regulation (ESR) Compliance and Reporting Ultimate Beneficial Ownership (UBO) Compliance and Reporting Accounting & Book-keeping Services Payroll services MIS Reporting and Compliance Review

11. THANK YOU We Look Forward To Working With You CONTACT US : +971 508912062, +971508912403 info@shuraatax.com www.shuraatax.com Office – 13, 44th Floor, Aspin Commercial Tower , 106, Sheikh Zayed Road, Dubai, UAE.