Spotlight on Financial Services Tax Series 2: Recent Episodes
PwC Middle East
In our Spotlight on Financial Services Tax series, Tax Partner - Peter Maybrey and Middle East Information Reporting Leader - Bilal Abba, look at the key issues Middle East based businesses need to be aware of and how they apply to the financial services sector.
Welcome to series 2 episode 5 of the spotlight on Financial Services Tax series. Today we will be discussing VAT audits in the UAE and the importance of systems before, during and after the audit process.
I am joined by my colleagues Kirti Joshi who is a Director leading our FS VAT practice in the UAE and Abhinav Mangla who is a Senior Manager in our Tax Strategy and Transformation Team.
Welcome to Series 2 Episode 4 of Spotlight on Financial Services Tax Series. Tetiana Sphak will kickstart the conversation with Bilal Abba (Director - Middle East Tax Information Reporting Leader) on the proposed amendments to the Common Reporting Standard as well as a release of a new global tax transparency framework, which introduces the automatic exchange of tax information on transactions in Crypto-Assets (“Crypto-Asset Reporting Framework” or “CARF”)”.
In the first episode of this series on Financial Services Transfer Pricing: The rise and rise of digital banking, Safae Guennoun, Zachary Noteman and Zeeshan Humayun discussed, amongst other aspects, the importance of transfer pricing considerations from a banking perspective; key transfer pricing considerations when launching a digital bank; how tax authorities around the world are approaching the issue of transfer pricing and digital banking and banking in general as well as global tax updates and the interplay with transfer pricing from a banking perspective.
In the second episode of our second series on Spotlight on Financial Services Tax, Peter Maybrey and Bilal Abba look at BEPS 2.0 proposed changes, a topical subject for many financial institutions at the moment. These significant changes are reshaping the tax landscape and the rules propose two reforms, Pillar One and Pillar Two, which will be discussed in high level throughout this episode.
In the first episode of our second series on Spotlight on Financial Services Tax, Peter Maybrey and Bilal Abba look at recent developments around audits and assessments for tax reporting regimes, including the UAE Economic Substance Regulations (ESR) and the latest developments clients need to be aware of.