Sahid Daud

Sahid Daud is a Senior Tax Advisor with over 10 years of experience advising clients on international tax matters. His primary practice area is Tax Advisory Law. Prior to joining Al Tamimi, he worked for a Big 4 firm in the United Kingdom.

He has extensive experience advising multinational groups on international tax matters relating to acquisitions, disposals, restructures and reorganizations, expansion into new markets, group holding structures, financing arrangements and legal entity rationalizations. He frequently advises clients on corporate residency, participation exemptions, permanent establishment risk assessments and withholding taxes on cross-border flows.

During his time at the Big 4, he frequently advised clients on complex tax concepts such as anti-hybrid and mismatch rules, controlled foreign company rules and BEPS.

His recent experience includes advising the KSA Sovereign Wealth Fund on tax matters including PE risk assessment and holding company structures, supporting a Middle East-based multinational video game company on the qualification of the participation exemption, and advising a state-owned petroleum and natural gas company on group holding structures for future investments and profit repatriation. He has also advised an international drilling contractor on an outward migration ahead of the introduction of BEPS Pillar 2, including pre-exit reorganization and profit repatriation planning, and advised a group on controlled foreign company implications of a legal continuance of a Jersey subsidiary into the US.

Other matters include assisting an insurance provider to rationalize intra-group loans, advising an automotive service group on anti-hybrid and mismatch implications, restructuring intra-group financing for a global veterinary pharmaceuticals group in response to transfer pricing legislation updates, and supporting a multinational group to restructure its IP ownership in response to anti-avoidance measures.

He holds an LLM in International Business Law from the University of Manchester (2009) and is admitted to the Chartered Institute of Taxation (CIOT). He speaks English and Urdu.