Services
Taxation Services
At Forbes Chartered Accountants, we offer comprehensive taxation services for businesses and individuals across various jurisdictions, including the UAE, Oman, Qatar, the UK, India, and other countries.
Our team of expert tax consultants is equipped with in-depth knowledge of local tax laws and international tax regulations to help you navigate complex tax systems efficiently.
Our services also include support with tax audits, dispute resolution, transfer pricing, and cross-border taxation, ensuring your business stays ahead of ever-evolving tax laws in each region. Let us handle your tax compliance, so you can focus on what matters most – growing your business
#1
United Arab Emirates:
1. Corporate Tax Advisory and Compliance
We assist businesses in the UAE with corporate tax filings, ensuring compliance with the UAE’s tax laws. This includes the new corporate tax regime introduced in 2023, helping businesses file their tax returns, optimize tax deductions, and ensure compliance with tax authorities.
2. VAT Registration and Compliance
We support businesses in registering for VAT with the Federal Tax Authority (FTA) and ensure that VAT returns are filed accurately and on time. We also provide advisory services on VAT exemptions, VAT optimization strategies, and other VAT-related compliance matters to avoid penalties.
3. Excise Tax Advisory
We guide businesses dealing with specific goods (such as tobacco, carbonated drinks, and energy drinks) through the excise tax registration and compliance process. This includes advising on correct tax rates, timely reporting, and optimizing excise tax liabilities.
4. Transfer Pricing Advisory
We provide businesses with transfer pricing solutions to ensure that transactions between related entities in different jurisdictions are conducted at arm’s length prices. Our services help businesses comply with local and international transfer pricing regulations and avoid tax risks.
5. Tax Dispute Resolution
If your business faces audits or disputes with the Federal Tax Authority (FTA), we offer support during tax investigations, audit proceedings, and appeal processes. We work to resolve any issues efficiently, helping to reduce penalties and ensure a fair outcome.
6. Tax Residency and Compliance
We assist businesses and individuals in understanding their tax residency status under UAE tax laws. Our services include advising on the implications of UAE tax residency, the introduction of Economic Substance regulations, and compliance with the UAE’s international tax obligations.
7. Free Zone Tax Advisory
We help businesses operating in UAE free zones navigate the benefits and obligations of free zone tax incentives, such as corporate tax exemptions. We ensure that businesses comply with the relevant regulations while maximizing tax advantages available within free zones.
8. International Taxation and Cross-Border Tax Planning
For businesses with international operations, we provide cross-border tax advisory services, ensuring compliance with international tax treaties, managing double taxation issues, and optimizing tax planning strategies to reduce overall tax liability.
#2
Sultanate of Oman:
1. Income Tax Advisory and Compliance
We assist businesses in Oman with Income tax filing, ensuring compliance with Oman’s tax laws. This includes advising on how to minimize tax liabilities, manage exemptions, and file annual tax returns in accordance with the Oman Tax Authority’s requirements.
2. VAT Registration and Compliance
We help businesses navigate Oman’s VAT system, from registering for VAT to ensuring compliance with filing VAT returns. Our services also include advising on VAT optimization to help reduce costs and improve cash flow.
3. Excise Tax Advisory
We guide businesses involved in the production or distribution of excise goods (e.g., tobacco, energy drinks) through the excise tax registration process, ensuring compliance with tax filings, and advising on excise tax optimization.
4. Tax Dispute Resolution
We represent businesses in tax disputes, assisting with audits, assessments, and negotiations with the Oman Tax Authority. Our goal is to help resolve issues efficiently, minimizing penalties or fines.
5. Transfer Pricing Advisory
For businesses with cross-border operations, we provide transfer pricing services, ensuring that transactions between related entities are conducted at arm’s length prices and complying with international tax standards.
6. Tax Services for Free Zones
We assist businesses operating in Oman’s free zones with navigating tax incentives, such as exemptions from income tax. Our services ensure that free zone businesses remain compliant while optimizing available tax benefits.
7. International Taxation and Cross-Border Tax Planning.
We offer cross-border tax advisory services to businesses involved in international trade or with foreign operations, helping them manage tax implications, avoid double taxation, and optimize tax strategies in multiple jurisdictions.
#3
The State of Qatar:
1. Corporate Tax Advisory and Compliance
We assist businesses in Qatar with compliance under the corporate income tax laws. Qatar imposes a corporate tax rate of 10% on the profits of foreign-owned companies, while Qatari-owned businesses benefit from different regulations. Our services include corporate tax filings, tax planning, and optimizing tax liabilities, ensuring that businesses remain compliant with Qatar’s tax regulations.
2. VAT Registration and Compliance
Qatar is preparing for the introduction of VAT as part of the Gulf Cooperation Council (GCC) VAT framework, and we provide advisory services to businesses on how to prepare for VAT implementation. We assist with VAT registration, preparation of VAT returns, and ensure businesses comply with VAT regulations to avoid penalties.
3. Excise Tax Advisory
Qatar applies excise tax to specific goods, such as tobacco, carbonated beverages, and energy drinks. Our experts guide businesses through the excise tax registration process and help ensure compliance with excise tax returns and reporting. We also advise businesses on how to optimize excise tax payments and reduce their liabilities.
4. Transfer Pricing Advisory
For businesses with cross-border operations, we provide transfer pricing advisory services to ensure compliance with Qatar’s transfer pricing regulations. We help businesses establish arm’s length pricing for intercompany transactions, prepare transfer pricing documentation, and navigate the complexities of international tax laws.
5. Tax Residency and Compliance
We assist businesses and individuals in understanding tax residency issues and ensure compliance with Qatar’s tax laws. Our services include advising on residency status, tax liabilities for foreign employees, and any obligations related to income or business activities within Qatar.
6. Free Zone Tax Advisory
Qatar offers various tax incentives for businesses established in free zones. We help businesses operating in Qatar’s free zones navigate the tax benefits, including exemptions from corporate taxes for specific periods, and ensure compliance with the relevant regulations, optimizing tax advantages for businesses in these zones.
7. International Taxation and Cross-Border Tax Planning
For multinational companies, we offer cross-border tax advisory services to help navigate the complexities of international taxation. Our services include helping businesses avoid double taxation, structure transactions efficiently, and comply with international tax treaties to optimize tax liabilities and minimize risks.
#4
Republic of India:
1. Income Tax Advisory
We help businesses optimize their tax positions by offering advisory on tax deductions, exemptions, and other strategies to minimize tax liability under the Income Tax Act.
also, individuals in reducing their taxable income through tax-saving investments, deductions, and exemptions under sections like 80C, and ensure timely tax filing.
2. Goods and Services Tax (GST) Advisory and Compliance
We assist businesses with GST registration, compliance, filing returns, and providing strategies to optimize GST costs while ensuring adherence to Indian GST laws.
3. Transfer Pricing Advisory
For multinational businesses, we offer transfer pricing advisory to ensure compliance with India’s transfer pricing rules, including setting arm’s length prices for intercompany transactions and preparing necessary documentation.
4. Capital Gains Tax Advisory
Businesses involved in the sale of assets such as land, property, or shares receive advisory services on structuring asset sales to minimize capital gains tax liabilities.
Individuals selling personal assets like property or shares can benefit from our guidance to reduce capital gains tax through exemptions and tax-efficient planning.
5. International Taxation and Cross-Border Tax Planning
We assist businesses with international tax planning, ensuring compliance with double taxation avoidance agreements (DTAA) and optimizing tax liabilities across jurisdictions.
Individuals with foreign income or investments can benefit from cross-border tax advisory to manage tax residency issues, minimize double taxation, and stay compliant with international tax laws.
6. Tax Planning for Startups
We assist startups in India with tax planning under the Startup India initiative, including taking advantage of tax exemptions and ensuring compliance with regulations, helping businesses grow sustainably while minimizing tax liabilities.
#5
United Kingdom:
1. Corporate Tax Advisory and Compliance
We assist businesses in the UK with compliance under the corporate tax regime, which is currently set at 25% for most companies. Our services include corporate tax filing, tax planning, structuring business transactions to minimize tax exposure, and ensuring compliance with the latest tax laws set by HM Revenue & Customs (HMRC).
2. VAT Registration and Compliance
We guide businesses through the VAT registration process in the UK, helping them comply with VAT laws and avoid penalties. Our services include assisting with VAT returns, ensuring correct invoicing, advising on VAT exemptions, and offering strategies to optimize VAT costs while remaining compliant with HMRC regulations.
3. Payroll Tax and PAYE (Pay As You Earn)
We assist businesses in the UK with managing payroll taxes, including PAYE (Pay As You Earn) and National Insurance contributions. Our services include ensuring proper deductions are made for employees, filing PAYE returns, and advising on tax-efficient employee benefits.
4. Transfer Pricing Advisory
For businesses with international operations, we provide transfer pricing advisory services to ensure that transactions between related entities are conducted at arm’s length prices. We assist with preparing transfer pricing documentation, ensuring compliance with UK tax laws, and avoiding penalties for non-compliance with HMRC’s transfer pricing rules.
5. Capital Gains Tax Advisory
We assist individuals and businesses in managing capital gains tax (CGT) on the sale of assets, including property, shares, and businesses. Our advisory services focus on optimizing CGT liability, structuring asset sales to minimize tax exposure, and ensuring that CGT returns are filed correctly and on time.
6. Inheritance Tax Planning
We provide comprehensive inheritance tax (IHT) planning services, helping individuals and families to structure their estates efficiently to minimize the impact of IHT. Our services include advice on gifting strategies, utilizing exemptions, and planning for the succession of family businesses.
7. International Taxation and Cross-Border Tax Planning
For businesses and individuals with international operations, we provide cross-border tax advisory services, helping them manage tax exposure in multiple jurisdictions. We focus on optimizing tax structures to minimize double taxation, ensure compliance with international tax treaties, and advise on transfer pricing, VAT, and corporate tax matters in various countries.
8. R&D Tax Credits and Innovation Tax Relief
We assist businesses in claiming research and development (R&D) tax credits available under the UK government’s scheme. We help businesses identify qualifying R&D activities, ensure correct documentation, and file claims to receive tax relief for innovation costs, improving cash flow and funding for further development.