The business establishment is a risky process and tax filing is considered to be one of the toughest job on the planet. The process becomes more complex when it has to deal with foreign affairs and follow international taxation policies. To combat this, a business requires a Strategy for taxation. This strategy should be in-line with the corporate strategy and should not be isolated from the business framework and should include rigorous planning and identification of tax risks. Building a tax strategy helps a business entity to compare the tax situation upon requirement. Realizing the benefits of a unified taxation in UAE, the country has re-framed their tax structure to be more suitable for the investors and entrepreneurs all over the world. This step was very huge for the government of United Arab Emirates as this would not only help the economy of the country but will also help attract more entrepreneurs to the country.
