Doha, QatarAndersen Global Expands Middle East Presence With Qatar Tie-Up
It is the advisory giant's latest push into the region, having recently added bases in the UAE, Saudi Arabia and Bahrain.
June 03, 2020 at 06:53 AM
3 minute read
Andersen Global has announced a tie-up with a Qatari tax outfit, in its latest expansive move into the Middle East.
The move comes at a time when more punitive corporate tax regime appear likely to emerge in the economies of the Gulf Cooperation Council (GCC) in a low oil-price environment exacerbated by COVID-19.
The global legal and tax advisory service is to partner with Doha-based chartered accountancy firm, MS Partner, which lists audit, tax and risk advisory as its core competencies, with the local Al-Khalifa Law part of the bundle.
MS Partner was founded in 2018 with a complement of two partners and a dozen professionals specialising in tax services provision to international clients, both individual and public and private companies. It is led by chairman, Shaikh Sultan Bin Jassim Al Thani – a prominent Qatari business leader.
"We value our clients and people, and maintain the highest of professional standards," said MS Partner managing director, Manikandan Rajan. "We've watched Andersen Global grow regionally as well as globally, and the organization has set the standard for providing clients with… service in an independent and seamless manner."
In its Qatar Highlights 2019, published last June, Deloitte said that under Qatar's tax regime, the main categories of taxable income included gross income derived from activities carried out in Qatar; contracts wholly or partly performed in Qatar; local real estate; the exploration, extraction or exploitation of natural resources situated in Qatar; and interest on loans obtained in Qatar.
"Tax is an expanding industry in the Middle East, especially with importance on diversifying the economies," said Andersen Global chairman and CEO Mark Vorsatz. "The combination of MS Partner and Al-Khalifa Law makes a very impressive and competitive platform for our organization's presence in Qatar."
In addition to Andersen Tax in Kuwait, the global concern operates multiple GCC representative offices in Bahrain, Kuwait, Oman, Saudi Arabia and the UAE, a presence announced in March.
This year, the firm entered into a collaboration agreements with a law firm in the Republic of Guinea, and another in with Mauritania, giving it presences in its 27th and 28th African nations.
|Read more
Andersen Global Adds 27th Country in Africa as it Plots to Overtake PwC's Offering
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