Latest news with #NimishGoel
Trade Arabia
14-05-2025
- Business
- Trade Arabia
Dhruva launches AI platform 'to simplify' taxation in UAE
Dhruva Consultants, a leading tax advisory firm, has pioneered a framework to support UAE businesses to approach taxation through the power of Artificial Intelligence as the country's tax landscape continues to evolve with the introduction of corporate tax, and new compliance requirements. UAE organisation's and residents can log on to to enquire about tax planning, legal compliance, and regulatory advisory, it said. Designed to make tax management intuitive, predictive, and real-time, Dhruva's intelligent AI platform addresses the increasing demand for smarter compliance tools across the region. The solution harnesses the capabilities of advanced machine learning, large language models (LLMs), and natural language processing (NLP) to analyse financial data, interpret regulations, and provide instant insights tailored to UAE's unique regulatory frameworks. 'Our vision was clear from the start—to remove the complexity surrounding taxation and empower businesses with clarity, control, and confidence,' said Nimish Goel, GCC Leader, Dhruva Consultants. 'Traditional software solves yesterday's problems. With AI, we help businesses anticipate tomorrow's tax challenges and stay ahead of regulatory change.' Unlike conventional tax platforms that remain reactive and rules-based, offers a predictive and adaptive experience. From identifying deductible expenses in corporate tax filings to modeling intercompany transactions for transfer pricing compliance, the platform acts as a virtual tax strategist for UAE-based enterprises, the company said. The system is fully integrated with major ERP platforms, allowing for quick deployment and minimal technical overhead. It continuously updates itself with the latest tax regulations and free zone nuances via API feeds and built-in audit mechanisms, ensuring ongoing compliance. With the Federal Tax Authority (FTA) increasingly leveraging digital infrastructure and encouraging voluntary compliance, Dhruva's AI's solution is aligned with the UAE's broader vision of becoming a digitally enabled, innovation-first economy. The platform's ability to simulate various business scenarios — such as mergers, restructurings, or cross-border transactions — gives CFOs and tax advisors the power to make informed decisions in advance, reducing risk exposure while enhancing strategic agility. This proactive approach is particularly valuable for companies operating in free zones or managing complex cross-jurisdictional operations. 'As the UAE becomes a global hub for AI and regulatory innovation, is proud to support this transformation,' added Nimish. 'We see ourselves not just as a software provider, but as a strategic partner to businesses and governments striving for compliance excellence.'
Zawya
14-05-2025
- Business
- Zawya
Dhruva launches its AI platform to simplify taxation in UAE
Dubai, UAE: As the UAE's tax landscape continues to evolve with the introduction of corporate tax, and complex compliance requirements, Dhruva Consultants has pioneered a framework to support UAE businesses to approach taxation through the power of Artificial Intelligence. UAE organization's and residents can log on to to enquire about tax planning, legal compliance, and regulatory advisory. Dhruva Consultants is one of the leading tax advisory firms in the Middle East. Designed to make tax management intuitive, predictive, and real-time, Dhruva's intelligent AI platform addresses the increasing demand for smarter compliance tools across the region. The solution harnesses the capabilities of advanced machine learning, large language models (LLMs), and natural language processing (NLP) to analyze financial data, interpret regulations, and provide instant insights tailored to UAE's unique regulatory frameworks. 'Our vision was clear from the start—to remove the complexity surrounding taxation and empower businesses with clarity, control, and confidence,' said N imish G oel, GCC Leader, Dhruva Consultants. 'Traditional software solves yesterday's problems. With AI, we help businesses anticipate tomorrow's tax challenges and stay ahead of regulatory change.' Unlike conventional tax platforms that remain reactive and rules-based, offers a predictive and adaptive experience. From identifying deductible expenses in corporate tax filings to modeling intercompany transactions for transfer pricing compliance, the platform acts as a virtual tax strategist for UAE-based enterprises. The system is fully integrated with major ERP platforms, allowing for quick deployment and minimal technical overhead. It continuously updates itself with the latest tax regulations and free zone nuances via API feeds and built-in audit mechanisms, ensuring ongoing compliance. With the Federal Tax Authority (FTA) increasingly leveraging digital infrastructure and encouraging voluntary compliance, Dhruva's AI's solution is aligned with the UAE's broader vision of becoming a digitally enabled, innovation-first economy. The platform's ability to simulate various business scenarios—such as mergers, restructurings, or cross-border transactions—gives CFOs and tax advisors the power to make informed decisions in advance, reducing risk exposure while enhancing strategic agility. This proactive approach is particularly valuable for companies operating in free zones or managing complex cross-jurisdictional operations. 'As the UAE becomes a global hub for AI and regulatory innovation, is proud to support this transformation,' added Nimish. 'We see ourselves not just as a software provider, but as a strategic partner to businesses and governments striving for compliance excellence.' is currently expanding its footprint across the GCC, with plans to launch tailored modules for Saudi Arabia and Qatar in the coming year. As the region prepares for a more data-driven, transparent future, is leading the charge—redefining the way enterprises navigate compliance in a rapidly changing world. About Dhruva Consultants Dhruva Consultants is a leading tax advisory firm specializing in VAT, corporate tax, transfer pricing, and international taxation in the Middle East. With a strong track record in advising some of the largest real estate players in the UAE, Dhruva Consultants combines deep industry expertise with practical solutions, ensuring clients not only achieve compliance but also optimize their tax strategies for long-term success.
Khaleej Times
09-03-2025
- Business
- Khaleej Times
VAT Guide launched to simplify tax compliance for UAE's construction sector
As the UAE's real estate sector continues to expand at an unprecedented pace, tax compliance has become a critical challenge for developers, contractors, property managers and home owners. To provide clarity and practical solutions, Dhruva Consultants, a leading tax advisory firm in the Middle East, has launched a VAT Guide tailored for the real estate sector. The guide simplifies complex VAT regulations, offering real-world insights that is in sync with the Federal Tax Authority (FTA) guidelines. Nimish Goel, GCC Leader, Dhruva, stated: 'With Dubai's real estate transactions surpassing Dh761 billion in 2024 — a 36% increase from the previous year — and Abu Dhabi witnessing a 24.2 per cent increase rise in real estate transactions in 2024 as compared to the previous year, the sector remains one of the most dynamic in the region. However, as projects grow in scale and complexity, so do the VAT implications, requiring developers, contractors, and property owners to adopt a more strategic approach to tax compliance.' VAT mismanagement can lead to unexpected tax liabilities, project financing delays, and regulatory penalties. With multi-billion-dirham investments at stake, ensuring accurate VAT treatment is not just about compliance — it's about protecting financial margins and operational efficiency. For master developers, it explores VAT implications for phased developments, infrastructure cost allocations, and strategies for maximizing input VAT recovery. Construction companies will find essential guidance on managing VAT for advance payments, handling contract amendments, and addressing the tax implications of project delays. Meanwhile, property managers and owners can gain clarity on tax treatments for leasing, service charge invoicing, and joint ownership arrangements, ensuring compliance while optimizing financial efficiency. While the FTA has issued guidelines on VAT for real estate, Dhruva Consultants' guide incorporates industry-specific insights and practical case studies drawn from years of advisory experience with some of the UAE's largest real estate players. T 'At Dhruva Consultants, we believe in making tax simple,' said Goel. 'The UAE's real estate industry is evolving rapidly, and VAT compliance should not be a roadblock to growth. This guide is a strategic tool designed to empower developers, contractors, property managers and owners with clear, actionable knowledge, helping them navigate the complexities of VAT while ensuring financial optimization.'
Trade Arabia
06-03-2025
- Business
- Trade Arabia
Dhruva launches VAT guide for UAE's construction sector
Dhruva Consultants, a leading tax advisory firm in the Middle East, has launched a VAT Guide to simplify tax compliance for UAE's construction sector. Designed as a key industry resource, it offers real-world insights that is in sync with Federal Tax Authority (FTA) guidelines. As the UAE's real estate sector continues to expand at an unprecedented pace, tax compliance has become a critical challenge for developers, contractors, property managers and home owners. To provide clarity and practical solutions, Dhruva Consultants, a leading tax advisory firm in the Middle East, has launched an exclusive VAT Guide tailored for the real estate sector. Designed as a first-of-its-kind industry resource, the guide simplifies complex VAT regulations, offering real-world insights that is in sync with the Federal Tax Authority (FTA) guidelines. For master developers, it explores VAT implications for phased developments, infrastructure cost allocations, and strategies for maximizing input VAT recovery, said the company in a statement. Construction companies will find essential guidance on managing VAT for advance payments, handling contract amendments, and addressing the tax implications of project delays. Meanwhile, property managers and owners can gain clarity on tax treatments for leasing, service charge invoicing, and joint ownership arrangements, ensuring compliance while optimizing financial efficiency, it stated. Nimish Goel, GCC Leader, Dhruva, said: "With Dubai's real estate transactions surpassing AED761 billion in 2024 - a 36% increase from the previous year - and Abu Dhabi witnessing a 24.2% rise in real estate transactions in 2024 as compared to the previous year, the sector remains one of the most dynamic in the region." "However, as projects grow in scale and complexity, so do the VAT implications, requiring developers, contractors, and property owners to adopt a more strategic approach to tax compliance," he stated. Goel pointed out that VAT mismanagement can lead to unexpected tax liabilities, project financing delays and regulatory penalties. With multi-billion-dirham investments at stake, ensuring accurate VAT treatment is not just about compliance - it's about protecting financial margins and operational efficiency. This is where Dhruva Consultants brings its expertise to the table. Unlike standard tax guides, Dhruva Consultants' VAT guide addresses the most pressing tax-related questions that real estate professionals face daily, he stated. While the FTA has issued guidelines on VAT for real estate, Dhruva Consultants' guide further complements it by incorporating industry-specific insights and practical case studies drawn from years of advisory experience with some of the UAE's largest real estate players. This guide not only helps businesses remain compliant but also turns VAT management into a strategic advantage, it added. "At Dhruva Consultants, we believe in making tax simple," remarked Goel. "The UAE's real estate industry is evolving rapidly, and VAT compliance should not be a roadblock to growth," he stated.
Zawya
27-02-2025
- Business
- Zawya
Dhruva Consultants unveils VAT Guide to simplify tax compliance for UAE's real estate sector
Dubai, UAE: As the UAE's real estate sector continues to expand at an unprecedented pace, tax compliance has become a critical challenge for developers, contractors, property managers and home owners. To provide clarity and practical solutions, Dhruva Consultants, a leading tax advisory firm in the Middle East, has launched an exclusive VAT Guide tailored for the real estate sector. Designed as a first-of-its-kind industry resource, the guide simplifies complex VAT regulations, offering real-world insights that is in sync with the Federal Tax Authority (FTA) guidelines. N imish G oel, GCC Leader, Dhruva stated, 'With Dubai's real estate transactions surpassing AED 761 billion in 2024—a 36% increase from the previous year—and Abu Dhabi witnessing a 24.2 per cent increase rise in real estate transactions in 2024 as compared to the previous year, the sector remains one of the most dynamic in the region. However, as projects grow in scale and complexity, so do the VAT implications, requiring developers, contractors, and property owners to adopt a more strategic approach to tax compliance.' VAT mismanagement can lead to unexpected tax liabilities, project financing delays, and regulatory penalties. With multi-billion-dirham investments at stake, ensuring accurate VAT treatment is not just about compliance—it's about protecting financial margins and operational efficiency. This is where Dhruva Consultants brings its expertise to the table. Unlike standard tax guides, Dhruva Consultants' VAT guide addresses the most pressing tax-related questions that real estate professionals face daily. For master developers, it explores VAT implications for phased developments, infrastructure cost allocations, and strategies for maximizing input VAT recovery. Construction companies will find essential guidance on managing VAT for advance payments, handling contract amendments, and addressing the tax implications of project delays. Meanwhile, property managers and owners can gain clarity on tax treatments for leasing, service charge invoicing, and joint ownership arrangements, ensuring compliance while optimizing financial efficiency. While the FTA has issued guidelines on VAT for real estate, Dhruva Consultants' guide further complements it by incorporating industry-specific insights and practical case studies drawn from years of advisory experience with some of the UAE's largest real estate players. This guide not only helps businesses remain compliant but also turns VAT management into a strategic advantage. 'At Dhruva Consultants, we believe in making tax simple,' said Goel. 'The UAE's real estate industry is evolving rapidly, and VAT compliance should not be a roadblock to growth. This guide is a strategic tool designed to empower developers, contractors, property managers and owners with clear, actionable knowledge, helping them navigate the complexities of VAT while ensuring financial optimization.' Dhruva Consultants invites master developers, construction firms, and real estate professionals to review the VAT Guide and explore expert consultation opportunities to stay ahead in an evolving tax landscape. About Dhruva Consultants Dhruva Consultants is a leading tax advisory firm specializing in VAT, corporate tax, transfer pricing, and international taxation in the Middle East. With a strong track record in advising some of the largest real estate players in the UAE, Dhruva Consultants combines deep industry expertise with practical solutions, ensuring clients not only achieve compliance but also optimize their tax strategies for long-term success.
