In an increasingly global tax environment, the ability to effectively claim Foreign Tax Credits (FTC) is essential for businesses earning income across jurisdictions. Under UAE Corporate Tax law, eligible foreign taxes paid on overseas income may be credited against the UAE tax liability—helping to avoid double taxation and optimize global tax efficiency. However, claiming these credits requires precise classification, supporting documentation, and careful alignment with local regulations. At ASC Group, our Foreign Tax Credit Advisory Services help businesses understand, structure, and claim eligible FTCs in accordance with UAE Corporate Tax rules. We assist in identifying qualifying foreign income, validating eligible foreign taxes paid, and ensuring the availability of appropriate documentation. Our team also supports clients in managing limitations, preventing duplication of claims, and integrating FTC planning with treaty relief mechanisms. Whether you're engaged in cross-border investments, international services, or M&A activities, we equip you with the strategic clarity and compliance framework to reduce your global tax burden while meeting reporting standards in the UAE.
Partnering with ASC Group for your Foreign Tax Credit (FTC) Advisory ensures accurate relief, global compliance, and efficient tax planning. Our value-driven approach offers the following benefits:
We help you identify eligible foreign taxes and ensure that you fully benefit from available credits under UAE Corporate Tax law—minimizing tax leakage on international income.
Our advisory ensures that the same income isn’t taxed twice—once abroad and again in the UAE—by applying FTC provisions or treaty relief correctly.
We provide clear guidance on credit caps, exclusions (such as fines or penalties), and income sourcing rules, helping you avoid disallowed claims or compliance issues.
We assist in gathering, validating, and organizing supporting documents (e.g. foreign tax returns, payment proof, income breakdowns) required to substantiate FTC claims.
Our team works closely with your finance/tax team to correctly reflect FTCs in the UAE Corporate Tax return, ensuring reporting accuracy and audit readiness.
We assess when FTC or treaty-based exemptions are more beneficial—helping you choose the optimal relief mechanism based on your structure and transaction flow.
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Our Foreign Tax Credit Advisory service is built on a step-by-step, compliance-focused approach that helps businesses avoid double taxation, correctly claim eligible credits, and maintain audit-ready documentation under UAE Corporate Tax law:
We begin by understanding your business model, the nature of your foreign income, and jurisdictions involved to determine FTC applicability and tailor our engagement accordingly.
Our team evaluates the type of foreign income earned, the taxes paid overseas, and whether these meet the conditions for credit under UAE Corporate Tax law (including caps, exclusions, and timing).
We help gather and verify supporting documents—such as foreign tax returns, payment receipts, withholding certificates, and income allocation records—to ensure they meet FTA standards for FTC claims.
We calculate the maximum allowable credit, assess any limitations (e.g. foreign tax in excess of UAE tax), and provide planning recommendations to ensure optimal utilization of FTCs in your tax return.
Our advisory extends to helping you accurately reflect the FTC in your UAE Corporate Tax return, ensuring proper classification, disclosure, and consistency with foreign filings.
We prepare you for possible FTA audits by organizing all required documentation and maintaining clear, defensible files that substantiate your FTC position.
We offer continued support to adapt your FTC strategy to evolving business operations, international tax developments, or treaty changes—ensuring consistency across jurisdictions.
Choosing ASC Group for your Foreign Tax Credit (FTC) Advisory means working with a team that understands the operational realities of cross-border taxation and the technical requirements of UAE Corporate Tax compliance. We combine practical insights with regulatory depth to ensure your global tax obligations are efficiently managed:
Our team of corporate tax advisors, international tax specialists, and compliance experts provide end-to-end support in identifying, computing, and reporting foreign tax credits under UAE law.
With extensive experience advising multinationals, regional groups, and UAE-based businesses with foreign income, we deliver practical strategies for reducing tax duplication and maximizing credit utilization.
We have deep familiarity with the FTC mechanics under UAE Corporate Tax law, as well as the interplay between domestic rules and applicable tax treaties—ensuring your relief claims are both accurate and defensible.
We prepare detailed, evidence-backed documentation to support FTC positions during audits or reviews, helping you avoid disallowed claims and unnecessary penalties.
We tailor our approach based on your industry, group structure, and global tax footprint—delivering solutions that reflect your commercial and jurisdictional realities.
Our services go beyond filing—offering strategic guidance to maximize tax credits, prevent double taxation, and enhance overall tax efficiency.
Connect with ASC Group today for a confidential consultation on your Foreign Tax Credit requirements. Let our experts help you build a compliant, tax-efficient, and defensible Foreign Tax Credit strategy that maximizes relief, minimizes double taxation, and supports your long-term global success.
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