Impact Assessment & Implementation

It is crucial for all taxable entities to assess the impact of corporate tax on their business operations to navigate related obligations effectively.

At BDO UAE, we conduct impact assessments using a phased approach, covering the following key aspects:

• Impact Analysis
  1. Perform quantitative analysis to evaluate the potential financial impact of UAE Corporate Tax (CT) on the business.
  2. Conduct qualitative and quantitative analysis to determine the estimated CT liabilities.
  3. Identify restructuring and optimization opportunities.
  4. Provide recommendations and outline the next steps.
• Implementation of Corporate Tax
  1. Assist in adjusting legal and organizational structures for CT optimization.
  2. Support the application for CT group registrations and exemptions.
  3. Help in obtaining private clarifications.
  4. Update generic tax manuals and governance frameworks.
  5. Recommend necessary ERP system changes and provide assistance with updates.
  6. Conduct training sessions to educate teams on the new corporate tax framework.
• Assessment of Natural Person’s Taxation in the UAE
  1. Evaluate the applicability of UAE CT on naturals person based on business/es conducted in the UAE through a sole establishment license.
  2. Assess the tax residency status and provide guidance on obtaining tax residency certificate from the Federal Tax Authority.