A tax due diligence is essential for new investors wishing to acquire or invest in a new business in UAE. Tax due diligence goal is to assess the tax profile for the target entity
It evaluates past tax practices and the potential impact on current and future tax compliance and associated risks. It also helps in establishing a purchase price and determining tax warranties to be included in the acquisition agreements
Tax due diligence includes checks and review of accounting systems, tax processes, procedures and return filing history and any other aspects that could affect the business tax position.