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?
 7 Hours

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