CONSULTANCY & TAXATION SERVICES
Consultancy Services
Financial consultancy requires an integrated approach to manage economic feasibility and growth opportunities. Royal Capital excels in business analysis and offering informed decisions. The analysis and insights are developed by experts who have been studying economic markets for decades thereby bringing a history of achievement. In our vast experience, the use of proper data analytics and approach will allow corporates to enhance their financial performance and increase the valuation of their business.
VAT Consultancy
The UAE government implemented Value Added Tax (VAT) Act on January 1, 2018 to a variety of commodities throughout the nation at 5%. Local businesses may avail of VAT registration in the UAE to recuperate some of the cost as a result of this new tax.
Value Added Tax refers to the Indirect tax imposed on commodities which can be equated to the type of universal consumption tax enforced on the consumption of goods services. That is a comprehensive multistage consumption tax taxed the supply chain transversely as well as collected by companies on behalf of the government.
We start by understanding your business and implications of VAT legislation, keeping in mind the operations of the business that leads to the development of effective compliance procedures. We also train your staff to be well equipped with VAT Laws and recommend changes in your present ERP/Accounting system.
Once VAT is successfully applied in the organization, the next step is to ensure compliance as long as the business is in operation. VAT compliance mostly covers:
- VAT Consultancy
- VAT Returns Filing
- VAT Audit Assistance
- VAT Advisory Services
Corporate Tax
Corporate tax is a direct tax imposed on the net income or profits generated by corporations and other business entities.
On January 31, 2022, the UAE Ministry of Finance declared the implementation of a federal corporate tax in the UAE, set to take effect for financial years commencing on or after June 1, 2023. Typically, these taxes are calculated based on a business’s accounting net profit or income, with adjustments made for specified items outlined in the UAE Corporate Tax legislation.
Corporate Tax Advisory
Royal Capital Management Consultancy offers strategic business planning services aimed at helping you understand the impact of your business strategies on your tax situation.
Our services include:
- Providing guidance on the applicability of Corporate Tax Provisions based on your organization’s specific inquiries.
- Conducting diagnostic reviews of transactions to determine optimal tax positions.
- Developing tax-efficient structures tailored to your needs.
- Identifying opportunities to minimize direct tax expenses.
- Structuring cross-border and multi-jurisdictional transactions for maximum efficiency.
- Keeping you informed with regular updates on tax-related matters.
- Reviewing withholding tax implications on transactions involving foreign jurisdictions.
Why Royal Capital Management Consultancy:
Our Advisory Team has worked in global markets, the private sector, and developed strong institutional relationships during more than two decades of achievement. We have established a dedicated organization to help clients meet their long-term financial growth objectives with the stated core values of transparency, integrity, and ethical partnership.