01 Review of accounting policies and financial
statements to ensure they are aligned with the best
practices.
02 Review Group structure. Assess whether
any realignment or restructuring is required.
03. Review the applicability of tax laws and understand
critical and high-impact areas for your business
to prevent tax leakages and tax inefficiencies.
04 Understanding tax exemptions and
incentives offered by UAE for companies located in Free
Zone, small businesses, etc. as they can benefit your business.
05 Review accounting systems to ensure
smooth tax compliance.
06 Examine all your related party
transactions. This would include reviewing whether all
agreements are in place, what is basis of charge, need for the
charge, documentation available, etc.
