In this era, taxes should be viewed as a dynamic item of cost, rather than a passive charge on the profits. Effective tax planning can help businesses when aiming for growth and expansion, even when markets are challenging.
When organizations understand the importance of addressing issues relating to:
-Corporate Structures
-Cross-border transactions
-Transfer Pricing It can manage taxes to enhance competitiveness.
While there is a paradigm shift in the tax landscape of the world and especially in the UAE, the tax functions of each organization are required to play a bigger advisory role. The decisions taken now will have a profound implication for the future of the organization.
Therefore, sound financial decisions backed by the right tax advice is the need of the hour.