International Taxation

In today's globalized economies, a majority of companies today transcend borders, and therefore international taxation is an element to be factored. International taxation refers to the regime of law and regulations that govern how income earned within different nations ought to be taxed. It entails having knowledge of double tax treaties, transfer pricing, and compliance with international tax needs. For the UAE-based foreign operations or foreign firms carrying out business in the UAE, adherence to international tax requirements becomes inevitable.

The UAE has signed numerous Double Taxation Avoidance Agreements (DTAAs) with various countries of the world, which help in reducing the chance of double taxation on the same income. However, global tax exposure can be complex, especially with evolving global tax standards such as the OECD's Base Erosion and Profit Shifting (BEPS) actions. Planning and structuring are critical in order to become tax efficient and avoid penalties.

We at Finprime provide customized international taxation services which are particularly aimed at helping cross-border businesses. Our services include tax planning and structuring, interpretation of DTAAs, analysis and documentation of transfer pricing, and international reporting compliance such as Country-by-Country Reporting (CbCR). We directly interact with our clients in order to provide absolute compliance along with optimization of their global tax situation.