Navigating The New Corporate Tax Rules In The UAE? Here’s How AVTR International Recruitment Can Help You!

Date Posted:Wed, 5th Jul 2023

Navigating The New Corporate Tax Rules In The UAE? Here’s How AVTR International Recruitment Can Help You!

At the start of 2022, after being under discussion for several years, the UAE Ministry of Finance announced changes to their corporate tax rules, which have now come into force on June 1st, 2023. Fortunately, the rates are the lowest in the Gulf Cooperation Council area, and there are many perks to implementing a corporate tax system.

 

For one, the Ministry of Finance believes that the implementation of corporation tax will enable the UAE to achieve its goals for growth. His Excellency Mohamed Ahmed Amin Al Awadi, Director-General of the Sharjah Chamber of Commerce and Industry, stated that “Corporate Tax is a significant step forward for the UAE, and one that is poised to bring tremendous benefits in the future and positively impact the national economy as a whole.”

However, these new rates have come as a surprise for many businesses. Preparing for these imminent changes is key to avoiding business interruption, and because the new legislation is reasonably complex, taxation professionals will be vital in ensuring businesses comply with the new changes to the system.

Our CEO, Andrew Vinell, who originally trained in Tax at KPMG in the UK, can attest to the influx of businesses wanting to build their tax teams in order to handle this new development, stating “Recruitment has been ramping up - many corporations have been getting in touch with us, both in industry and in-house, as we specialize in tax recruitment. Luckily, we have the resources and connections to source the right corporate tax candidates for each business."

AVTR International Recruitment has been recruiting in the Middle East for over 6 years. We are privileged to have helped many prestigious businesses find the right candidate in all areas of the Tax, Tech, and Legal sectors. We’ve been lucky enough to make amazing connections with tax professionals both in the Middle East and those from abroad looking to make a move to the lucrative tax landscape developing in the UAE. Our extensive portfolio of qualified candidates for all areas of tax, as well as our CEO’s own knowledge of tax and its intricacies, will therefore surely be indispensable for businesses facing the new corporation tax in the UAE.

All this to say that the up-and-coming tax changes mean you’re going to need someone who’s ahead of the game when it comes to resources and expertise. With over twenty years of experience in recruitment, AVTR International Recruitment is well-placed to select professionals who will truly understand your business.

So, if you are looking for a tax professional to support your business with the new implementation of corporate tax, reach out to AVTR International Recruitment and find out how we can help you build your new tax team!