Course Outline
Overview of UAE Corporate Tax Course
- When will the UAE CT regime become effective?
- What will be the role of the Ministry of Finance?
- What is Corporate Tax?
- Why is the UAE introducing CT?
- Will UAE CT apply to businesses in each Emirate?
- What will be the role of the Federal Tax Authority?
Scope and Rates
- How is the business revenue/income subject to UAE CT determined?
- What will the UAE CT rates be?
- What is meant by 'large' multinationals?
- Who is subject to the UAE Corporate Tax Course?
- How do you determine if a legal entity has a 'business' within the scope of UAE CT?
- How do you determine if an individual has a 'business' within the scope of UAE CT?
- Will individuals be subject to CT on investment returns?
- Will income from specific financial institution deposits be subject to UAE CT?
- Will an individual's salary income be subject to UAE CT?
- Will an individual with a business license to operate in the UAE be subject to UAE CT?
- Will an individual investing in UAE property be subject to UAE CT?
- If a business has earned gross income of AED 400,000 in a given fiscal year, what will be the payable UAE CT amount?
- Will income generated by a freelance professional be subject to UAE CT?
Income Exempt from CT
- What is a 'qualifying' shareholding?
- Will intra-group transactions be exempt from UAE CT?
- Will individuals be exempt from UAE CT?
- Will any type of revenue be exempt from UAE CT?
Foreign Persons
- Will a foreign company or individual be subject to UAE CT?
- Will income earned by a foreign investor be subject to UAE CT?
Free Zones
- Will the UAE CT treatment differ for a free zone business established in an economic free zone?
- Will a free zone business be subject to UAE CT?
- Will a free zone business need to register and submit a CT return?
Key Sectors
- Will the real estate industry be subject to the UAE Corporate Tax Course?
- Will the oil and gas sector and other extractive industries be subject to the UAE CT regime?
- Will the financial industry be subject to the UAE CT regime?
Losses
- Will excess CT losses be allowed to be carried forward and utilized 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 CT program allow previous year's losses to reduce future taxable income?
Tax Group
- Will a group of UAE companies be able to form a 'tax unity' for UAE CT purposes?
- What is withholding tax?
- What is the withholding tax rate under the UAE CT regime?
Tax Credits
- Will international CT paid on UAE gross income be recognized under the UAE CT regime?
Transfer Pricing
- What are transfer pricing policies?
- Will transfer pricing rules apply to UAE companies?
Administration
- Will businesses need to register for UAE Corporate Tax Course purposes?
- How frequently will UAE businesses need to file a UAE CT return?
- Will the CT return need to be submitted online?
- Will businesses be required to pay tax in advance?
- Are there any consequences for non-compliance under the CT regime?
Testimonials (4)
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
The training is very interesting and can be useful on our future projects and the trainer is always active on answering our questions and helping us when we are having issues on our end.
