Sanctuary, a UAE-based boutique advisory firm, on Tuesday announced the launch of its corporate tax advisory service.
By synergising their services, Sanctuary will offer a holistic approach that addresses clients’ broader wealth considerations, from investment portfolios to taxes and beyond.
The firm said through their tailored solutions, they aim to transform the way clients navigate the intricate landscape of corporate taxation, setting new standards in the process.
Sanctuary said it has taken proactive measures in response to the recently implemented tax regime to support clients by offering personalised, insight-driven ‘impact assessments’ by taking into account the unique circumstances of each individual or business within the framework of the legislation.
“We will provide actionable recommendations to ensure readiness, compliance, and reduced exposure,” it said.
Corporate tax regime: UAE’s milestone
“The implementation of the corporate tax regime in the UAE has marked a significant milestone. As we progress, we anticipate the release of further legislative decisions, with particular focus on the free zone regimes and the globally applied OECD Pillar Two, which sets the global minimum tax rate across 136 jurisdictions worldwide,” said Nathan Patterson, Head of UAE Corporate Tax and Finance at Sanctuary.
“In the intricate realm of corporate taxation, customised solutions are essential, and leveraging our expertise, we address broader wealth considerations, including succession planning, while offering actionable recommendations to ensure readiness and compliance,” he said.
Patterson said given the dynamic landscape, it is crucial for businesses and individuals to proactively seek tax advice well in advance of their first taxable period.
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