Corporate tax in UAE will open new vista for investment and growth

Corporate tax in UAE will open new vista for investment and growth

RNG Management Consultancies UAE and Astrazure Legal Services Private Ltd India sign MoU

Officials at the event. - Supplied photo

Published: Wed 29 Mar 2023, 11:45 AM

RNG Management Consultancies UAE and Astrazure Legal Services Private Ltd India have signed a memorandum of understanding (MoU) to help the companies and businesses in the UAE to make them ready for the upcoming UAE Corporate Tax Law, to be implemented from June 1, 2023.

The companies will work together across several areas including UAE corporate tax law, international taxation, transfer pricing and value added tax (VAT) particularly on tax impact assessments, business structuring, standard operating procedures, IT systems upgrade and Tax compliances. “With the combined capabilities of RNG and Astrazure, customers in UAE will get more cost-effective solution to UAE corporate tax and reduce the risk of non-compliance by having proper implementation before the deadline” said CA Chirag Gupta, Partner, RNG Group.

“Introduction of corporate tax will open new opportunity of growth and investment in UAE”, said CA Atul Gupta - Past President ICAI and Board Member IFAC in a recent workshop on “UAE corporate tax and transfer pricing” in Dubai on Februry 18, organised by RNG Management Consultancies, wherein K Kalimuthu, consul (economic, trade & commerce)