Course Outline
Overview of UAE Corporate Tax Course
- When will the UAE Corporate Tax (CT) regime become effective?
- What role will the Ministry of Finance play in this process?
- What is Corporate Tax, and how does it function?
- Why is the UAE implementing a Corporate Tax system?
- Will the UAE CT apply to entities in all Emirates?
- What responsibilities will the Federal Tax Authority have under this new regime?
Scope and Costs.
- How is business revenue or income that will be subject to UAE CT determined?
- What are the proposed rates for UAE Corporate Tax?
- What guidelines apply to "large" multinational corporations?
- Who will be required to complete the UAE Corporate Tax Course?
- How can a legal entity determine if it has a "service" that falls within the scope of UAE CT?
- How does an individual establish whether they have a "service" subject to UAE CT?
- Will private individuals be taxed on investment returns under UAE CT?
- Will revenue from specific financial institution deposits be subject to UAE CT?
- Will an individual's salary income be subject to UAE CT?
- Will a person with a business license to operate in the UAE be required to pay UAE CT?
- Will individuals who invest in UAE property be subject to UAE CT?
- If a service generates AED 400,000 in gross income during a fiscal year, what will be the UAE CT liability?
- Will income earned by freelance professionals be subject to UAE CT?
Income Exempt from CT
- What constitutes a 'qualifying' shareholding under UAE CT regulations?
- Will transactions between group companies be exempt from UAE CT?
- Are there any entities that will be exempt from paying UAE CT?
- Will certain types of income be exempt from UAE CT?
Foreign Entities.
- Will foreign companies or individuals be subject to UAE CT?
- Will income earned by a foreign investor be subject to UAE CT?
Free Zones.
- Will the treatment of free zone entities established in economic free zones differ under UAE CT?
- Will free zone entities be required to pay UAE CT?
- Will free zone entities need to register and file a CT return?
Sector-Specific Considerations.
- Will the real estate sector be subject to the UAE Corporate Tax Course?
- Will the oil and gas industry, as well as other extractive sectors, be subject to the UAE CT regime?
- Will the financial sector be required to comply with the UAE CT regulations?
Losses.
- Can excess CT losses be carried forward and used in future years?
- Will a group of companies be able to offset the tax losses of one member against the taxable income of another?
- Will the UAE CT program allow for the use of previous year's losses to reduce future taxable income?
Tax Grouping.
- Can a group of UAE companies form a "tax unit" for UAE CT purposes?
- What is withholding tax, and how does it apply?
- What is the withholding tax rate under the UAE CT regime?
Tax Credits.
- Will foreign corporate taxes paid on UAE-sourced income be recognized under the UAE CT system?
Transfer Pricing.
- What are transfer pricing policies, and how do they work?
- Will transfer pricing rules apply to UAE companies, and if so, how?
Administrative Requirements.
- Will entities be required to register for UAE Corporate Tax purposes?
- How frequently will UAE businesses need to file a CT return?
- Will the CT return need to be submitted online?
- Will companies be required to make advance tax payments?
- What are the consequences of non-compliance under the CT regime, and how will they be enforced for government entities?
Testimonials (5)
the Labs
Frank Mhlongo - Standard Bank of South Africa
Course - JBoss
The pace was good, with a nice mixture of knowledge sharing, demonstrations and practical work. Filip was very engaging and provided the energy to get through the course. It was good that there was a lot of 1:1 tuition, with Filip going through individual training exercises.
Colin - Worldpay
Course - BPMN, DMN, and CMMN - OMG standards for process improvement
The training definitely backfilled some of the gaps in my knowledge left by reading the OptaPlanner userguide. It gave me a good broad understanding of how to approach using OptaPlanner in our projects going forward.
Terry Strachan - Exel Computer Systems plc
Course - OptaPlanner in Practice
Shared examples of every function and/or operators are all well explained.
Brian Amlon - Thakral One, Inc.
Course - Introduction to Drools 7 for Developers
a lot of practices are very welcome, many try and learn cases are embedded