Taxation
In Country Value Certification (ICV)

In Country Value

   Certification (ICV)

ICV is an ADNOC Certification. This program's goal is to ensure that corporate expenditures, both in terms of manufacturing costs and expenditures on locally produced goods and services, remain inside the national economy. The National ICV Program's other main goals include promoting investments in the nation, hiring qualified individuals, and establishing high-quality employment opportunities. Moreover, this program also aims to encourage industry in the UAE and recycle a bigger portion of spending for goods and services into the national economy.

Deltoid provides extensive advice to help clients comprehend ADNOC In-Country Value [ICV] Certification and the elements determining ICV score.

Deltoid assists clients in raising their ICV scores and includes an impact analysis report detailing the overall impact of each step. The report's key recommendation is to restructure organizational procedures.

The skilled professionals at Deltoid construct the ICV template based on the financial year records under certification that the company can provide to the ICV auditor.

Also, we create the ICV improvement plans that may be submitted with ADNOC Group Companies tenders.

In order to prevent the seizure of ICV milestone payments, Deltoid's offered working criteria clearly describe how the ADNOC ICV is improving and how to show the ICV scores during the plan period.