Dubai tax consultancy receives recognition for contribution to regional tax system
Dubai - WTS Dhruva Consultants, a leading tax consultant, has been named the 'Best Newcomer' in Europe, Middle East and Africa (EMEA) by the International Tax Review (ITR).
The ITR European Tax Awards are given to recognise achievements and developments by international tax professionals from the EMEA region over a 12-month period.
Headquartered in Dubai, WTS Dhruva Consultants has a sizeable presence in the UAE, Bahrain and Saudi Arabia. It launched operations in 2017 to cater to the need for Value-Added Tax (VAT) consulting in Gulf countries. The UAE and Saudi Arabia implemented VAT in January 2018.
WTS Dhruva Consultants was shortlisted in ITR's three categories - 'Middle East Tax Firm of the Year', 'Middle East Transfer Pricing Firm of the Year' and the 'Best Newcomer in EMEA'.
Dinesh Kanabar, Founder and Chief Executive Officer of WTS Dhruva, said, "It is an honour and a privilege to receive this award for the EMEA region. This will only strengthen our resolve to provide better services in the UAE and the region."
Kanabar further added, "It is yet another testament to our intellectual vigour and calibre to be shortlisted by ITR in three categories, along with the world's top-ranking tax firms such as Deloitte, KPMG, PwC, DLA Piper, Baker McKenzie and others."
Nimish Goel, Partner at WTS Dhruva Consultants, said: "The tier-one ranking by ITR is a great recognition for our company and the team. We will strive to ensure consistent delivery of innovative solutions to help our clients navigate through the rapidly shifting and ever-evolving tax landscape."
Shortlisted firms and their matters were assessed on three critical determinants - transactional value, size & complexity, and the overall innovation to the tax practice. However, due to Covid-19 pandemic, this year's winners of the European Tax Awards were announced and published online as opposed to a physical ceremony.
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