FTI Consulting makes senior tax hire in Dubai

FTI Consulting, Inc. has announced the appointment of tax expert Naishadh Soneta as a Managing Director in its Corporate Finance & Restructuring segment in Dubai.

Mr. Soneta’s arrival furthers the growth of the firm’s tax capabilities across the Middle East. FTI Consulting recently appointed Nilesh Ashar as a Senior Managing Director in Dubai to lead the Tax Advisory team across the region, and Sameep Uchil, who joined the team as a Managing Director, among other senior professionals.

“The arrival of Naishadh continues our investment in what is an area of high priority for our clients,” Mr. Ashar said. “The VAT regime has been in operation for five years now, and the UAE Corporate Tax law is set to take effect in June 2023. A raft of other evolving Middle Eastern tax regimes will raise the bar of complexity for our clients. Naishadh brings a depth of expertise on indirect tax and sophisticated tax diagnostic matters that will be of significant value to our clients.”

Mr. Soneta brings more than 12 years of experience in indirect tax matters to FTI Consulting. A qualified Chartered Accountant with experience working in the Big Four, he has advised a range of multinational and domestic organisations on issues including Goods and Services Tax implementation and impact assessment, end-to-end VAT transition and implementation, indirect tax strategy and optimisation and tax diagnostic reviews and due diligence projects. Mr. Soneta has led large engagements in the real estate, education, healthcare, energy and retail sectors.

Commenting on his appointment, Mr. Soneta said, “FTI Consulting’s growth in the Middle East is impressive, and I am excited to be part of a team that is going from strength to strength, not only in the area of tax, but across multiple advisory disciplines in corporate finance and beyond.”