KPMG is based all across the GCC states and boasts tax partners in all of its offices, despite tax often being an "alien" concept in some of the states. The firm is one of the first in the region to acknowledge the growing importance of tax in the region ...
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KPMG is based all across the GCC states and boasts tax partners in all of its offices, despite tax often being an "alien" concept in some of the states. The firm is one of the first in the region to acknowledge the growing importance of tax in the region as states begin to align their tax systems to more international standards. Not resting on their laurels, the firm has ploughed significant resources into areas such as transfer pricing and indirect tax. The firm is so committed to the introduction of VAT across the region by 2012, that it has been regularly offering guidance and advice to the respective governments on how VAT should and could be implemented.
Philip Marwood leads the regional tax practice. He is ideally placed to see tax develop in the region as he offers more than 25 years of international experience.
Based in Oman, Ashok Hariharan, is well-known for his transfer pricing work and is also regularly involved in tax controversy work, primarily for large petrochemical companies.
Operating out of Dubai is Mike Smith. He relocated in 2006 and quickly established himself as a cross-border structuring specialist. Clients include UAE sovereign wealth funds as well as multinational and local companies from various industries; private equity, real estate, transportation, oil & gas and banking.
The firm were the first among the big-four to start tax breakfast seminars in the GCC, which have been very well received. Clients and even competitors have acknowledged that such seminars have raised the profile of KPMG's tax practice and have helped in creating awareness among local and international business about some of the international tax issues faced by companies operating in the GCC.
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