The Problem
A leading Dubai-based real estate developer with a portfolio of 15+ projects was facing significant challenges with VAT compliance and corporate tax planning. The company was overpaying taxes due to improper structuring of related-party transactions and lack of documentation for transfer pricing requirements.
- Overpaying VAT by approximately $180,000 annually
- No transfer pricing documentation in place
- Inconsistent financial reporting across projects
- Risk of penalties from non-compliance
Our Solution
PrimePath’s tax advisory team conducted a comprehensive review of the client’s financial structure and implemented a multi-pronged solution:
- Complete VAT health check and restructuring of input tax recovery
- Transfer pricing documentation for all related-party transactions
- Implementation of project-based accounting system
- Setup of automated tax compliance monitoring
- Training for internal finance team on new processes
The Results
Within 6 months of engagement, the client achieved significant improvements across all key financial metrics:
$180K
Annual Tax Savings
40%
Tax Liability Reduced
100%
Compliance Achieved
6 Mo
Implementation Time
Key Results
$180K
Tax Saved
40%
Liability Reduced