Driving robust financial insights in tax reporting.
A strong tax accounting process, and robust tax reporting data, are critical to understanding the overall tax position of the business, providing a reliable snapshot for the CFO and wider C-Suite.
With significant tax accounting experience, we offer hands-on support in developing tax accounting processes and internal tax calculation and reporting tools, aligning with local and international corporate tax rules, and IAS 12 reporting principles.
We can be ‘hands on’ and support with tax accounting calculation templates, reviewing your calculations and tax positions, and offering assistance with tax reporting disclosures.
How We Can Help
CoreTax Arabia can assist in the preparation of tax accounting policies and processes, and developing any internal GAAP around any large, recurring or complex transactions or assets. We can also assist with the development of tax reporting disclosures, aligned with the requirements under IAS 12 Income Taxes, and advise on those narrative disclosures.
With evolving interpretations of UAE CT Law, and tax regulations closely tied to accounting standards, a strong understanding is needed not only of the basic tax accounting processes but also of complex deferred tax positions, both for standalone reporting and consolidated group reporting.
As many local businesses head into their first Tax Period under UAE CT Law, the tax accounting process becomes increasingly more important, and a strong tax and accounting skill set is needed.
The Evolving Significance
We can provide support to smaller audit firms that may have limited tax resource or capability, either to assist in the performance of their tax audit review processes for their assurance clients, or to provide technical inputs on matters related to the tax law or IAS 12 Income Taxes, or the tax review process more broadly.
