Why do companies need tax consultants in the UAE? A tax consultant firm can help the individual as well as business-related worries to advise on the taxability of transactions and to make sure that the business is complying with the UAE tax Laws. The tax regimes and routines vary from nation to nation along with the challenges. As every business aim of making a profit, tax planning must be considered as a business strategy to attain the goals.
Tax consultant oozes a higher level of skills and professionalism in tax planning. Better planning helps in tax savings and gets added as a profit to the organization. The UAE was basically known to be a tax-free country until the tax was introduced on 1st January 2018 at a standard rate of 5 percent.
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