According to senior industry leaders, the demand for specialists has been extraordinarily high, particularly over the last three years, and as a result, the salaries of tax experts and chartered accountants (CAs) have been rising by up to 10% yearly.
In an interview with Khaleej Times, Krishnan Narayanan Venkat, head of The Institute of Chartered Accountants of India (ICAI), Abu Dhabi Chapter, stated that the salaries of tax experts in the United Arab Emirates have been rising by 5 to 10% every year.
According to Rohit Dayma, vice chairman of the ICAI, Abu Dhabi Chapter, the demand for tax specialists and chartered accountants has increased since the implementation of value-added tax (VAT), corporate tax, transfer pricing, and regularisation of the accounting profession as a whole. The total increase in pay is also supported by the growing demand for chartered accountants at all levels, he said.
The Abu Dhabi Chapter now has over 1,500 members. In 2023 and 2024, it gained 200 new members annually. An estimated 12,000 to 15,000 ICAI chartered accounts are expected to operate in the United Arab Emirates. Over 700 members and delegates attended the ICAI Abu Dhabi Chapter’s 36th Annual Seminar, “Futuronomics: The Evolution of Opportunities,” which took place on February 22–23. This event was one of the area’s biggest meetings of financial professionals.
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