New UAE Corporate Tax

Course Details

Session: 2 Days

Hours: 8 Hours /Day

Mode: Face to Face / online


United Arab Emirates

New UAE Corporate Tax

The establishment of the UAE Corporate Tax system aims to encourage firms to establish and grow their operations in the UAE while also assisting the UAE in realizing its strategic goals. This course will educate participants on corporate tax regulations, as well as on deductible expenses and disallowances that must be considered when calculating taxable income.

This training will make certain that participants learn the fundamental concepts of how the corporate tax affects the operational and financial outcomes of companies in the UAE.

Course Objectives:

By the end of the session, delegates will be able to:
– Learn how to complete and file tax returns forbusiness activities using the recommendedprocedures and techniques.
– Recognize the effects that the UAE’s corporate taxwill have on your business.
– Differentiate between the numerous business typesthat are free from UAE corporate tax.
– Separate the tax profit from the accounting profitfor the purposes of calculating corporate taxes.
– Determine the various strategies for efficient taxplanning and reduced tax liability.
– Learn everything there is to know about the federalincome taxes that apply to business profits.

Course Content

– The effective date of the UAE Corporate Tax regime
– An overview to corporations’ income taxation in the UAE and their shareholders
– The applicability of the UAE Corporate Tax to businesses in each Emirate
– The role of the Federal Tax Authority
– The role of the Ministry of Finance

UAE Corporate Tax Scope
– How can you tell if a legal entity has “business” that falls under the scope of UAECorporate Tax?
– How can you tell if someone has a “business” that falls under the scope of UAE CorporateTax?
– Impact of the VAT on exports and imports to both member nations (Gulf region) andnon-member nations
– Will an individual be charged Corporate Tax on investment returns?
– Will a freelance professional’s income be subject to UAE Corporate Tax?
– Will an individual’s bank deposit income be subject to UAE Corporate Tax?
– Will a firm in a free zone be subject to UAE Corporate Tax?
– Will a free zone company have to sign up and submit a Corporate Tax return?
– Will a free zone enterprise founded in a financial-free zone receive different treatmentunder the UAE Corporate Tax?
– Will the UAE Corporate Tax regime apply to the real estate sector?
– Will the UAE Corporate Tax rule apply to the oil and gas industry as well as otherextractive industries?
– Will the UAE Corporate Tax regime apply to the banking industry?
– Is there any income that is exempt from the UAE Corporate Tax?
– Qualifying Shareholding
– Are foreign businesses or individuals subject to UAE Corporate Tax?
– Under the UAE Corporate Tax regime, would foreign Corporate Tax paid on taxableincome in the UAE be recognized?

UAE Corporate Tax Calculations, Tax Group, Withholding Tax and Transfer Pricing

– What is the UAE Corporate Tax amount due if a company had taxable revenue ofAED 400,000 in a certain financial year?
– Will unused Corporate Tax losses be permitted to be carried over and applied inupcoming years?
– Will past losses be allowed to offset future taxable income under the UAE CorporateTax regime?
– Will a group be allowed to offset one group company’s taxable revenue with anothergroup company’s tax losses?
– Can a collection of UAE businesses come together as a “fiscal union” for UAECorporate Tax purposes?
– What is the rate of withholding tax under the UAE Corporate Tax regime?
– How do transfer pricing regulations work?
– Will UAE enterprises be subject to transfer pricing regulations?

UAE Corporate Tax Legal Framework

– The fundamentals of tax law, including judicial doctrines, the three main sources oftax law, and the origins of taxation

– Internal Revenue Code provisions that are relevant, corporate tax filingrequirements, and corporate tax filing procedures

– Corporate Tax Administration

– Corporate Tax Return Submission

– Under the Corporate Tax framework, are there any penalties for non-compliance?

– Various strategies for tax planning and techniques to reduce your liability whileremaining within the bounds of the legal framework

Training Method

The training will be conducted in a friendly, inclusive and professional atmosphere, which is conducive for different learning styles, but respects each attendee as an individual and ensures each one is challenged and achieve maximum benefit from the course. Our goal is that attendees will be highly engaged and encouraged to be participative.

Book your place

New UAE Corporate Tax