UAE needs tax expertise as VAT is introduced

tax implication calculator

How can Kingpin International help?

In 2018, one of the world’s richest regions will introduce VAT for the first time, sparking a period of transition and a need for specialist Indirect Tax professionals.

It is predicted that up to 30,000 VAT professionals will be needed to help businesses as the changes begin to materialise. The UAE Government insists that introducing VAT will generate a new source of income to ensure the provision of the Country’s services such as hospitals and for the general upkeep of the nation.

The Ministry of Finance for the UAE has instructed that companies should seek to prepare for the introduction of VAT by making the necessary changes to core operations and the addition of extra resources to help businesses in this significant policy change. They also stress that businesses should “try to understand the implications of VAT” and “align their business to compliance requirements”. This has led to companies starting to recruit foreign nationals and in particular those from the EU.

It is deemed vital for the many companies effected by this introduction to be as prepared as possible and this this is where Kingpin International can certainly be of great assistance…

What’s Kingpin’s role?

With the influx of VAT professionals required in the UAE, many companies have turned to Kingpin International as specialist Tax recruiters so that they can source them the very best talent to help in this vital period of transition. Companies need VAT professionals with the appropriate skills and expertise, as well as the right mentality and cultural fit for their business, with our role being to identify applicants that best suit these tailored requirements. Although this is likely a challenging and uncertain time for many businesses in the UAE, Kingpin can certainly help in easing the change by finding the very best candidates to guide them through the introduction of VAT. Working with our client’s specific requirements, our expert Research and Recruitment team will use their extensive local market knowledge and Global reach to select the strongest talent.

This is also good news for those seeking a move to the Lower Gulf Region as we have multiple roles available in the UAE, from VAT Directors to Managers in both Dubai and Abu Dhabi. We do also realise that a move to the Gulf will represent a major decision not only for your career, but also your lifestyle…

Why might the UAE be right for you?

Burj Al Arab Dubai sunset

Now known as one of the richest and most lavish nations in the world, the UAE has grown dramatically as an expat location which is set to continue with the huge need for VAT specialists in the country. Not only is the UAE a land of opportunity for job prospects, it is also a country that offers a unique lifestyle that you might struggle to find anywhere else in the world. With its numerous stylish restaurants and bars, a growing sporting culture and stunning white beaches to enjoy, the UAE certainly offers something for everyone. Don’t think you need to go alone either, the UAE caters for children, which is welcome news for expats with families. There are a good range of highly reputable International schools in the UAE, both in Dubai and Abu Dhabi, which is often key for a family’s decision to relocate.

Therefore, with this continued need for Indirect Tax professionals and the potential for an improved sun-filled lifestyle, the UAE is certainly a Region you should consider if a new challenge and adventure is what you are looking for.

If you would like to further explore the UAE’s major cities and expat locations, be sure to take a look at our guides to Dubai and Abu Dhabi for some extra information on these Emirate metropolises. 

If a move to UAE is something that interests you, feel free to get in touch with our team who will be happy to help. Alternatively, have a look at our current vacancies for opportunities around the world.