Office Hours: 10:00am-08:00pm

2308-Iris Bay – Business Bay
Dubai, United Arab Emirates

Advisory activities and representation on behalf of clients before tax authorities

Advisory Activities

Professionals provide advice on how clients can structure their financial affairs to minimize tax liabilities legally. This involves analyzing current and future financial situations to optimize tax outcomes.

Helping clients understand and comply with tax laws and regulations. This includes ensuring accurate and timely filing of tax returns and adherence to reporting requirements.

Representation Before Tax Authorities

In the event of a tax audit, professionals may represent clients before tax authorities. This involves responding to inquiries, providing documentation, and negotiating on behalf of the client to resolve any issues.

If a client disagrees with a tax assessment, professionals can represent them during the appeals process. This involves presenting arguments and evidence to challenge or modify the tax authority's decision.

Professionals may assist clients in resolving disputes with tax authorities through negotiation, mediation, or other dispute resolution mechanisms.

Professionals ensure that clients adhere to tax laws and regulations. This includes staying up-to-date on changes in tax laws and advising clients on how these changes may affect their tax positions.

Assessing and managing tax-related risks for clients. This involves identifying potential issues, evaluating their impact, and developing strategies to mitigate risks.

Helping clients maintain accurate and comprehensive records to support their tax positions. This is crucial in the event of an audit or when providing evidence during dispute resolution.

Regularly reviewing clients' financial situations to ensure ongoing tax compliance and identifying opportunities for tax optimization.

Ethical Considerations

Adhering to ethical standards and professional codes of conduct is critical in tax advisory and representation. Professionals must maintain integrity, confidentiality, and objectivity in their dealings with clients and tax authorities.

It’s important to note that tax laws and regulations vary by jurisdiction, and tax professionals need to stay informed about changes that may affect their clients. Additionally, engaging in tax advisory and representation activities often requires a deep understanding of both tax law and the specific financial situations of clients.