WELCOME TO W T S DHRUVA, YOUR TAX ADVISORY PARTNERS.
W T S Dhruva Tax Advisory Consultants
The world of tax is changing at a rapid pace. With an increased focus on global cooperation and transparency in tax matters, a new era has dawned.
A more connected, transparent and coherent global tax system will undoubtedly trigger several far-reaching changes all over the world. Countries are reforming their respective tax regimes, not least several countries in the Middle East, which have traditionally abstained from levying taxes and are now reconsidering their approach to fiscal policy. With the current trends in global oil prices, there is a need to identify new sources of revenue to fund public services and social spending.
With taxes in the Middle East all set to become a reality, there is a need for businesses to reorient themselves to this changed environment. W T S Dhruva Consultants, seeks to work closely with businesses as they embark on this uncharted journey.
OUR SUITE OF SERVICES
UAE Corporate Tax
In a significant development in the UAE, on January 31, 2022, the Ministry of Finance (MoF) announced the introduction of a Corporate Tax in the UAE effective from financials years starting June 01, 2023.
Given the announcement of the new law, we believe that implementation should be well planned and thought out so that business can continue to function smoothly during and post implementation.