Tax
Faisal Bin Adel Abu Khalaf Office is the first law firm to establish an international tax practice focused in Saudi. Our Tax Practice provides and coordinates across border tax advice to leading multinational corporations, banks, financial institutions, governments, sovereign wealth funds. As well as private equity groups, investment funds, real estate investment houses, family offices, joint ventures and other local, regional and international organizations. Moreover, our clients operate in a wide range of industries including financial services, real estate, investment management, oil & gas, construction, infrastructure, telecommunications, media & entertainment, aerospace and defense, technology, healthcare, consumer goods and energy & utilities.
Our Policy:
- Advising governments and tax authorities on developing tax policy, tax reform. introducing new taxes and implementation of taxes
- Drafting and advising on new tax legislation
- Advising and training tax authorities on application of tax laws as well as tax enforcement and collection
Our Expertise:
- Inbound & Outbound Tax Advisory
- International Tax Structuring & Planning
- Value Added Tax
- Corporate Tax & Zakat
- Tax Risk Management
- Transfer Pricing
- Acquisitions Tax
- Tax Ruling, Disputes & Litigation
Inbound & Outbound Tax Advisory
- Structuring inbound investments and activities of multinational companies into the Middle East region from a tax perspective
- Advising on local tax implications and tax efficient establishment and conduct of business operations in the region
- Coordinating and managing cross border tax advice for large groups based in the region for their global investments across all asset classes and international acquisitions particularly across Europe, America.
International Tax Structuring & Planning
- Advising on tax optimal corporate group structure, holding structures, financing, intellectual property planning, leasing and other tax planning techniques
- Advising on tax implications of expansion into new territories
- Tax optimization strategies for your business model
- Tax efficient profit repatriation from overseas territories to parent company jurisdiction and withholding tax mitigation
- Double tax treaty issues
- Managing foreign permanent establishment risks
- Advising on global tax developments and obligations including measures under the Organization for Economic Cooperation and Development (“OECD”) base erosion and profit shifting (“BEPS”) initiative, Foreign Account Tax Compliance Act (“FATCA”) and Common Reporting Standard (“CRS”)
Value Added Tax
- Analyze the VAT implications and risks of specific transactions
- Advising on VAT efficient transaction structuring of supply chain and developing strategies to reduce the VAT cost
- Advising you on your VAT compliance obligations and reviewing your VAT returns
Corporate Tax & Zakat
- Advising on the applicability of corporate tax or Zakat to your organization
- Advising on tax aspects of structured finance transactions (including Islamic Finance)
- Advising on the availability of special tax incentives or exemptions
- Advising on the application of withholding tax and tax retentions
Tax Risk Management
- Provision of written tax opinion to enable you to defend your position
- Reviewing and drafting business contracts (including intercompany agreements) to minimize tax risk from a corporate tax, transfer pricing, VAT and withholding tax perspective
- Performing a tax health check to assess tax profile, compliance status and potential tax risks arising from your business operations
- Developing a tax risk management framework and strategy aligned with your corporate and business objectives
- Provision of tax training to enable you to develop in house tax knowledge and capability and allow you to manage tax risk
Transfer Pricing
- Analyzing inter-company transactions to identify tax risks
- Developing a global transfer pricing policy and strategy for your business
- Tax efficient supply chain management including restructuring operating model and minimizing transfer pricing risks
- Preparing benchmarking studies to evaluate the arm’s length nature of inter-company transactions
- Developing global and country specific transfer pricing documentation based on OECD guidelines including assistance with master file and country by country reporting in line with BEPS recommendations
- Negotiating advance pricing agreements with tax authorities and assistance with resolving transfer pricing disputes
Mergers & Acquisitions Tax
- Purchaser and vendor tax due diligence to identify any potential tax issues/risks and hidden tax liabilities
- Tax efficient transaction structuring of mergers, acquisitions, disposals, reorganizations, joint ventures both inbound into the region and internationally and advising on the related tax risks and consequences
- Exit tax planning
- Tax input into the sale and purchase agreements and negotiating tax clauses on your behalf with other party’s advisors
Other Indirect Taxes
- Advising on the applicability of customs duties and related procedures and developing strategies to optimize supply chain structures for customs purposes
- Advising on and assistance with obtaining customs duties relief, exemptions and deferral where applicable
- Analyzing the applicability of excise tax to your business and advising on tax efficient structures
- Advising on and assistance with excise tax compliance obligations
Tax Ruling, Disputes & Litigation
- Applying to the tax authority for a ruling to clarify or confirm the tax treatment of a specific transaction or arrangement
- Representing your organization before, and negotiating on your behalf with, tax authorities in complex tax audits, disputes and investigations
- Tax appeals and litigation support
Tax Policy
- Advising governments and tax authorities on developing tax policy, tax reform. introducing new taxes and implementation of taxes
- Drafting and advising on new tax legislation
- Advising and training tax authorities on application of tax laws as well as tax enforcement and collection