Corporate Tax Readiness Assessment

At Parker Russell Obaid Auditing, we take pride in offering a comprehensive suite of services under our Corporate Tax Readiness Assessment. Our tailored approach is designed to empower businesses to navigate the dynamic landscape of corporate taxation in the United Arab Emirates effectively.

Key Components of Our Corporate Tax Readiness Assessment

  • Determining Tax Residency:
    • Assess the tax residency status in accordance with relevant tax laws, providing clarity on tax obligations.
  • Estimating Taxable Income:
    • Work closely to estimate taxable income, considering all applicable deductions and exemptions, ensuring accurate and optimized financial reporting.
  • Eligibility for Tax Reliefs:
    • Identify and analyze eligibility for tax reliefs, including small business relief. We recommend strategies for maximizing benefits and minimizing tax liability.
  • Analysis of Expenses and Deductibility:
    • Conduct a detailed analysis of expenses to identify opportunities for increasing deductibility and minimizing taxable income, optimizing financial position.
  • Record Keeping Requirements:
    • Assess the adequacy of record-keeping practices to meet regulatory requirements. Enhance efficiency in tax reporting through streamlined and compliant record-keeping.
  • Applications and Elections:
    • Analyze available applications and elections, such as foreign permanent establishment income and accounting for gains and losses on a realization basis and applying the general rate of tax for qualifying free zones.
  • Transitional Relief and Impact on Accounts:
    • Analyze transitional relief options and evaluate their impact on financial accounts. Ensure smooth transitions in compliance with regulatory changes, minimizing disruptions to operations.
  • Impact of Double Taxation Agreements:
    • Evaluate the implications of double taxation agreements on operations. Identify opportunities for tax optimization within the framework of these agreements.
  • Transfer Pricing Requirements:
    • Review and ensure compliance with transfer pricing regulations. Mitigate risks associated with intercompany transactions to enhance regulatory compliance.


  • General Matters for Upcoming Corporate Tax:
    • Provide insights into general considerations for upcoming corporate tax regulations. Recommend proactive measures to address potential challenges, keeping businesses ahead of regulatory changes.

Ready to Enhance Your Corporate Tax Readiness?

Tax  Agency Number (TAN): 30000269

Elevate your corporate tax readiness with Parker Russell Obaid Auditing. Contact us today to schedule a Corporate Tax Readiness Assessment tailored to the unique needs of your business. Ensure that your business is well-prepared for the intricacies of corporate taxation in the UAE.

    Selecting a Tax agent in the United Arab Emirates

    Article 15 (1) of the Tax Procedure Law states that an individual may authorize a Tax Agent to act as his representative without negating such person’s responsibility before the FTA.

    Article 15 (2) of the Tax Procedure Law further states that if a person notifies the FTA that his or her agency involvement with the Tax Agent has ended, the FTA may no longer communicate with the Tax Agent about that person.

    We Parker Russell Obaid Auditing provide Tax Agent Services, Tax Advisory Services, VAT Implementation Services, VAT Return Filing, VAT Compliance and Tax Consultancy Services in the UAE. 

    For more information on said services, you may contact our following representatives: 

    Muhammad Adel Rashad Kamel Refaei

    A certified tax agent with the UAE’s Federal Tax Agency, and worked in a variety of VAT consultancy roles in the UAE, including Oil & Gas, Healthcare, Construction, Real Estate & Property Development, and Others.

    For Tax Agent Services in Dubai & Northern Emirates


    Registered Tax Agent

    +971 4 295 9958

    Azmy A. Elgabour

    With over 8 years of dedicated experience in taxation and a certified tax agent with the UAE’s Federal Tax Agency.Representing clients and providing tax-related services as a Certified Tax Agent, including tax planning, compliance, and advisory services.

    For Tax Agent Services in Dubai & Northern Emirates


    Registered Tax Agent

    +971 2 645 2666

    Contact Us

    Ready to optimize your tax strategy with Parker Russell Obaid Auditing? Contact us today to schedule a consultation. Our dedicated team is here to address your specific needs and guide you toward financial success in the UAE market.

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