Corporate Tax Health check.

A. INCLUSIONS:

•  Assessment of Books of Accounts – ACME would undertake detailed analysis of the books of accounts (audited/draft) for FYE 2024
•   Assessment of Risks & Preparation of a Risk Matrix – ACME would identify the possible risk areas for the Client (from a CT & TP perspective including any possible PE or POEM risk identification) and prepare a risk matrix highlighting the possible aspects which may be cherrypicked by the FTA during the FTA Audits
•  Drafting Mitigation Strategies – ACME would assist in drafting mitigation strategies (from a CT & TP perspective) to reduce the potential risks during the FTA Audits
•   Document Management – ACME would draft and share the list of document trail to be maintained by the client (from a CT & TP perspective) to safeguard the client and for furnishing to the FTA during the FTA Audits

B. EXCLUSIONS :

• This scope does not include CT registration and CT Filing.
• ACME would not undertake any Tax Grouping analysis
• ACME would not undertake Corporate Tax Impact Assessment/Corporate Tax Implementation Studies 
• ACME would not undertake transfer pricing benchmarking using the databases or on the basis of undertaking any research. The same if required, would entail a separate scope and fee. 
• Detailed implementation in relation to financial statements and any other accounting-related matters that is not under the scope mentioned above. 
• Financial statements detailed reviews, for any other purpose other than what is mentioned above etc.
• Legal advice
• IT systems reviews; only reports generated by IT system will be reviewed but not the IT system itself.
• International tax reviews. The scope does not include providing an opinion on foreign jurisdictions tax regimes.
• Cross-border transactions from the point of view of foreign jurisdictions.
• Assessment of foreign tax laws including assessment of Double Tax Avoidance Agreements involves separate fee and scope

 C. CLIENT OBLIGATIONS :

• Renewed/Latest/Valid Trade Licenses.
• Audited Financial Statements for FYE 2024 or Draft Financial Statements for FYE 2024
• Projections for FYE 2025 (or draft books of accounts for FYE 2025)
• Providing ACME a detailed understanding of the business operations as well as transactions along with details with respect to the forecast/vision with respect to the operations and as well as revenue for the upcoming years (i.e. FYE 2025 and FYE 2026)
• Providing ACME with the relevant documents and any other details, which ACME may deem fit basis professional judgement once the assignment commences

D. DELIVERABLES :

• A Pre Audit Report – PDF – One Draft Review – Online or Face to Face Meetings (Dubai) – subject to One revision post discussion
• Please note face to face meetings in other Emirates except Dubai shall be chargeable as OPEs’ restricted to maximum 2% of the total fee
• Any subsequent changes beyond One Review Changes and One revision post discussion – shall be chargeable on hourly charge out rates