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Background
The Global D2C brand is a renowned player in the health and wellness industry, known for its cutting-edge products and unwavering commitment to customer well-being. Expanding and managing compliances in its branch office in Dubai posed challenges for them:

1. Got entangled in the complex web of VAT regulations
2. Fragmented regulatory structure, not aligned with group tax strategy, and,
3. Adaptation to Local Standards:

Overcoming these obstacles is crucial for operational optimization, compliance, and maintaining a competitive edge.

We Deep Dived and Found The Challenges

• Mounting Penalties – Navigating complex global regulations for health products in both home country and the UAE posed a significant challenge, opening floodgate of penalties
• Absence of a dynamic risk management framework to proactively identify, assess, and mitigate potential challenges associated with audits, legislative changes, and operational disruptions related to VAT.
• Need for a partner to develop a comprehensive global tax strategy

How We Helped Them?

• Conducted an exhaustive analysis of Dubai’s VAT regulations, unveiling specific compliance intricacies unique to the market.
• Developed a bespoke VAT compliance framework, finely tuned to Dubai’s regulations, ensuring precision and minimizing financial leakages.
• Implemented an avant-garde automated monitoring system, offering real-time insights into Dubai’s dynamic VAT rates and compliance health of the business.

We Helped Save Millions…

• Striking Reduction in Overpayments: 20% reduction in unnecessary VAT payments within Dubai, showcasing a newfound financial precision.
• Realized substantial cost savings, propelling a remarkable 15% enhancement in overall profit margins within the Dubai market.
• Safeguarded the brand from penalties – Seamlessly integrated this system with the client’s overall global financial architecture