About Us
Alliance CA specializes in Double Tax Avoidance Advisory, offering strategic solutions to mitigate the challenges faced by individuals and corporations due to tax obligations in multiple jurisdictions. As global trade expands, understanding the nuances of international tax regulations becomes crucial for achieving growth and prosperity. Alliance CA’s expertise helps firms navigate the evolving tax landscape, ensuring compliance while minimizing tax liabilities across borders. Our focus is on empowering businesses to thrive in the global market by providing comprehensive guidance on double tax avoidance, thus facilitating financial and operational success worldwide.
Double Tax
Avoidance
Agreement
A pact known as the Double Tax Avoidance Agreement is ratified by two nations. The agreement is signed in order to make the country in question a desirable place to visit and to provide non-resident individuals with the opportunity to avoid having to pay taxes more than once. DTAA does not imply that the NRI would be able to totally dodge taxes; nevertheless, it does imply that the NRI will be able to avoid paying greater taxes in both countries. The DTAA does, in fact, make it possible for a non-resident individual to reduce the number of tax repercussions that result from money produced in that country. The DTAA helps cut down on cases of tax avoidance as well.
Double tax avoidance advisories
When governments on each side of a border apply taxes that are identical to one another on the same taxpayers within the same tax base, it has a negative impact on the flow of products, services, and capital, as well as technology transfer and international trade. The United Arab Emirates does not have a particularly complicated system of internal taxes; in fact, it has exempted several types of double taxation.
These double tax avoidance advisories are beneficial not only to citizens of the UAE but also to public and private corporations, financial institutions, air transport industries, and other types of companies that operate within the UAE. In order for a company to be eligible for such a concession or waiver, they need to have an awareness of specific treaty obligations, as well as the ramifications and benefits of those terms. You can be protected by making use of the tax treaty exemptions that are available, thanks to our worldwide network of specialists who can walk you through the requirements.
Why Choose
Alliance CA
Alliance CA’s goal is to provide guidance to our clients throughout all stages of the cross-border transaction process in order to alleviate the burden of double taxation. We do this by providing guidance on the incidence of tax based on the nature of the income and expenditures incurred, all while adhering to the provisions of the UAE Tax laws and the provisions of the double tax avoidance advisory, as well as providing guidance on withholding tax issues and the compliance requirements that are associated with these issues.
Frequently asked questions
External audits include financial statements audits, operational audits, and compliance audits.
A qualified audit report certifies financial statements reflect a true and fair view. An unqualified audit report states that the financial statements reflect a true and fair view without any limitations.
Businesses registered under the trade-free zones hold trade licenses that require annual financial statements to be audited at the time of renewal.
Yes, external auditors can rely on internal audits.
Internal auditors are hired by the firm as employees to oversee the accounting and auditing services required by a company on a day-to-day basis. External auditors are independent and are hired as consultants.
External auditors double-check the same records that internal auditors work on to ensure quality control of internal audits.