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: