Al Tamimi launches first dedicated tax practice
Al Tamimi & Company has announced the launch of the first dedicated tax practice covering the Middle East with the appointment of Shiraz Khan, Senior Tax Advisor
Al Tamimi & Company has announced the launch of the first dedicated tax practice covering the Middle East with the appointment of Shiraz Khan, Senior Tax Advisor.
Led by Ahmed Ibrahim, partner and head of capital markets, the team will provide and manage cross border tax advice to a number of business including multinational corporations, financial institutions, and sovereign wealth funds, among others.
The launch of the new practice comes at a time when GCC governments are set to implement a value added tax of 5% for multiple business sectors to come into effect in January 2018.
Therefore, Al Tamimi aims to proactively manage tax and reputational risk in order to navigate the increasingly complex international and local tax environment.
Husam Hourani, managing partner at Al Tamimi, said: “With the imminent introduction of VAT in the GCC from 2018 and the increasingly complex global and regional corporate tax landscape that impacts businesses in the Middle East, we are very confident that our new Tax Practice will enable Al Tamimi to provide even greater value to our clients.”
Shiraz is a UK qualified lawyer with over 15 years of international tax experience. Prior to joining Al Tamimi, he was the global head of tax at a leading multinational where he was responsible for the tax affairs in over 100 countries.
The new division will also help support and advise private equity groups, investment funds, real estate investment houses, family offices, joint ventures and other regional organisations.