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International Taxation & Transfer Pricing

As an International Taxation and Transfer Pricing Advisors, KSG provides Tax Solutions at Every Corner for Clients. Through our association of international tax advisers in other countries, KSG is able to provide comprehensive international tax advice and planning to personal, corporate, expatriate and offshore clients. Our Transfer Pricing experts help you to develop a transfer pricing strategy suited to your multinational company, offering innovative and tax-efficient compliance

Our International Taxation & Transfer Pricing Advisory covers:
  • Corporate Tax (Local & Global) Advisory Service
  • International Tax Reporting Advisory for Multinational Entities
  • Cross border business or transactions Advisory
  • Withholding Tax Compliance Advisory
  • Double Tax Avoidance Agreement (DTAA) Impact Advisory
  • Transfer Pricing Compliances and Reporting Advisory
  • Expatriates Tax Advisory
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VAT/Excise Compliance

With the introduction of Value Added Tax (VAT) and Excise Tax in the UAE and GCC, businesses are having to have a fresh look at their business operation and compliance environment. KSG Team holds valuable experience and professional accreditation in assisting clients to ensure that organizations remain ahead of the requirements within the UAE
Our VAT/Excise Compliance Advisory covers:
  • Review of Sales and Purchase transactions
  • Review of documents, invoices, agreements, etc.
  • Review of VAT/Excise return workings prepared by the Company
  • Review VAT Input/ Excise Deduction eligibility
  • Providing assistance in finalizing VAT/Excise return workings
  • Assistance in filing VAT/Excise return.
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VAT/Excise Health Checks

A high-level Health Check may highlight key taxes or compliance areas where there is non-compliance and the areas where more attention is required. These Health Checks enable clients to undertake necessary corrective action before an audit takes place and to ensure required documents are readily available. KSG Team will conduct a VAT Health Check to highlight adverse tax positions adopted by the client and compliance gaps needed to be eliminated.
Our VAT/Excise Health Checks covers:
  • Review of documentation trail for all Supplies like Tax Invoices, Credit Notes
  • Review of documentation trail for VAT Input like supplier tax Invoices, & Credit Notes
  • Identification of eligible/ineligible VAT Input and Excise Deductions
  • Review of Custom documents related to import/export of goods and services
  • Contract vetting for VAT Impact analysis
  • Developing Standard Operating Procedures (SOPs) for VAT Compliance
  • Help in drafting and submitting Clarifications / Ruling request with the Authorities.
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VAT/Excise Registration/Deregistration

VAT Registration refers to the set of procedures by which a person can register with the Federal Tax Authority (FTA). A business must register for VAT if its taxable supplies exceed AED 375,000 per annum. It is optional for businesses whose supplies exceed AED 187,500 per annum. Businesses can register for VAT through the eservices section on the FTA website. However, they need to create an account first.
Our VAT/Excise Registration/Deregistration service covers:
  • Review of eligibility conditions relating Supplies
  • Preparation of all documents required for Single/Group Registration
  • Helping to obtain custom certificate for FTA account linking
  • Filling of Registration Application with the FTA
  • Assisting in updating VAT Registration with the Federal Tax Authority
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VAT/Excise Audit Support

A tax audit is essentially a government’s assessment of a company about their responsibility as a taxable entity to ensure that the tax liability is paid and every tax due is collected and given to the government within the time frame given. The FTA authorities will check the returns and other details/documents like sales invoices, purchase invoices, Custom & VAT documents related to import/export of goods/services.

Our VAT/Excise Audit Support service covers:

  • Assessment through a comprehensive VAT Health Check
  • Review of existing documentation and reports
  • Review of legal contracts and agreements
  • Preparation of all the Reports to be sent to the FTA
  • Advise and support to prepare and maintain required documents
  • Help to file Voluntary Disclosures/Penalty Waiver application
  • Provide Detailed Training to the In-house Staff for VAT Audit Readiness
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VAT Refund Support

Refund of VAT is a scenario where input tax amount is higher than output tax amount as per the tax return filed with the tax authority. Typically refund claim is scrutinised by the tax authority before sanctioning the refund claim. We Assist with FTA Information Requests for VAT Refunds filed, VAT Tourist Refund Scheme, VAT Refund for Business Visitors, VAT Refund for Expo 2020 Official Participants, and VAT Refund for Building New Residences by UAE Nationals.

Our Cross-Border Expansion Assessment covers:
  • Refund Assessment through a comprehensive VAT Health Check
  • Preparation of refund application and assistance in submission
  • Review of refund related documents
  • Assisting in replying to queries raised by the FTA
  • Expediting the VAT Refund Process
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Voluntary Disclosure (VD)

A Voluntary Disclosure should be made by a taxable person to notify the FTA of an error or omission in their tax return, tax assessment or tax refund application. There are fixed circumstances defined by the VAT Law under which a taxable person can file Voluntary Disclosure. Our professional team support to file Voluntary Disclosure (VD) and to minimise the risk of fines and penalties in case of a Tax Assessment by the FTA

Our Voluntary Disclosure (VD) support covers:

  • VD Assessment through a comprehensive VAT Health Check
  • Preparation of Reports to revise VAT Computation
  • File Voluntary Disclosure (VD) with the FTA
  • Assisting in replying to queries raised by the FTA
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