UAE Corporate Tax Training Course

Overview of UAE Corporate Tax Course

• When will the UAE corporate tax regime become effective?
• What role will the Ministry of Finance play in implementing this regime?
• What is corporate tax, and how does it function?
• Why is the UAE introducing a corporate tax system?
• Will the UAE corporate tax apply to organizations across all Emirates?
• What responsibilities will the Federal Tax Authority have in this context?

Scope and Rates

• How is business income or revenue that will be subject to UAE corporate tax determined?
• What are the proposed rates for UAE corporate tax?
• What does “large” multinational corporations suggest in this context?
• Which entities will be required to comply with the UAE Corporate Tax Course?
• How can a legal entity determine if it has a “service” that falls within the scope of UAE corporate tax?
• How can an individual determine if they have a “service” that is subject to UAE corporate tax?
• Will private individuals be subject to corporate tax on investment returns?
• Will revenue from a financial institution’s deposits be subject to UAE corporate tax?
• Will an individual's salary income be subject to UAE corporate tax?
• Will an individual with a business license to operate in the UAE be subject to UAE corporate tax?
• Will individuals who invest in UAE property be subject to UAE corporate tax?
• If a service generates AED 400,000 in gross income during a fiscal year, what will be the corresponding UAE corporate tax amount?
• Will income earned by freelance professionals be subject to UAE corporate tax?

Income Exempt from Corporate Tax

• What qualifies as a ‘qualifying’ shareholding under the UAE corporate tax regime?
• Will intra-group transactions be exempt from UAE corporate tax?
• Are there any entities or individuals who will be exempt from UAE corporate tax?
• Are there specific types of income that will be exempt from UAE corporate tax?

Foreign Entities and Individuals

• Will foreign companies or private individuals be subject to UAE corporate tax?
• Will income earned by foreign investors be subject to UAE corporate tax?

Free Zones

• Will the treatment of corporate tax differ for free zone entities established in economic free zones?
• Will free zone entities be subject to UAE corporate tax?
• Will free zone entities be required to register and file a corporate tax return?

Sector-Specific Considerations

• Will the real estate industry be subject to the UAE Corporate Tax Course?
• Will the oil and gas sector, along with other extractive industries, be subject to the UAE corporate tax regime?
• Will the financial sector be subject to the UAE corporate tax regime?

Treatment of Losses

• Can excess corporate tax losses be carried forward and used in future years?
• Can a group use the tax losses of one group company against the taxable income of another group company?
• Will the UAE corporate tax regime allow for the carryback of previous year's losses to offset future taxable income?

Tax Consolidation Group

• Can a group of UAE companies form a “tax consolidation” for UAE corporate tax purposes?
• What is withholding tax, and how does it apply under the UAE corporate tax regime?
• What is the withholding tax rate under the UAE corporate tax regime?

Tax Credits

• Will foreign corporate tax paid on UAE-sourced income be recognized under the UAE corporate tax regime?

Transfer Pricing

• What are transfer pricing regulations, and how do they apply to UAE companies?
• Will transfer pricing rules apply to UAE companies for government purposes?

Administrative Requirements

• Will entities be required to register for the UAE Corporate Tax Course for government compliance?
• How frequently will UAE businesses need to file a corporate tax return?
• Will the corporate tax return need to be submitted online?
• Will entities be required to make advance tax payments?
• Are there any penalties or consequences for non-compliance under the corporate tax regime?