Most of the tax problems that reach us could have been avoided by a written opinion before the transaction was carried out. That is exactly what this service is for: you put the situation to us before it happens, and we give you a reasoned opinion on its tax and accounting treatment, written down and documented so it can be relied on later.
Taxes & compliance
Tax and accounting advisory
A written opinion on the tax treatment of a transaction before you execute it, not after.
Who this service is for
For companies facing an unusual transaction, a restructuring, dealing with a party outside the country, or a long-term contract; for anyone facing a situation with no clear answer in day-to-day practice; and for anyone wanting a second opinion before adopting a treatment proposed by someone else.
What the service covers
- Studying the case and its documents and defining precisely the question to be answered.
- Setting out the proposed tax and accounting treatment and its statutory basis.
- Presenting the alternatives where they exist, and the effect of each.
- A written, reasoned opinion suitable for keeping in the company file.
- A discussion session on the opinion with whoever makes the decision.
How we work
- A first session defining the question precisely, because most of the time is lost on an undefined question.
- Receiving the related documents: contracts, invoices, and the relevant correspondence.
- The analysis, referring to the legislation and decisions in force for the case.
- Delivering the written opinion, stating the assumptions it is built on.
- The discussion, and amending the opinion if new facts emerge that change its basis.
Regulatory framework
The opinion is built on the legislation and decisions in force at the time it is issued and on the facts put to us, and says so expressly on its face. A change in the legislation, or a fact that was not disclosed, may change the outcome, which is why every opinion carries its date and its scope.
A written opinion before the transaction costs less than dealing with its consequences afterwards.
Frequently asked questions
What is the difference between this and a quick question on the phone?
A written opinion is based on documents, has a defined scope, and can be relied on in any review. A quick answer is not a basis for a decision with a financial consequence.
Is the opinion binding on the Federal Tax Authority?
No. It is a professional opinion that sets out the statutory basis for your position and strengthens your documentation. It does not stand in place of a decision issued by the competent authority.
Can we take advice on a situation that has already happened rather than a future one?
Yes, and we approach it the same way: define the question, then the statutory basis, then the options available to deal with it.
Free consultation
Book a free consultation
Thirty minutes with an FTA-registered tax agent: we review where you stand and tell you what to fix first, with no obligation.
+971 4 000 0000