Certification in Corporate Tax Planning
Complete guide applicable to Corporate Tax Planning & it’s different concepts with downloadable resources & process
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Earn a globally recognised Corporate Tax accreditation in the region
On 31 January 2022, the UAE Ministry of Finance (MoF) announced the introduction of a federal corporate tax (CT) in the UAE that will be effective for financial years starting on or after 1 June 2023.
A smooth and comprehensive implementation of the new legislation, requires tax professionals to have an in-depth understanding of the new regulations and their application. To address the urgent need for upskilling of regional tax professionals in preparation for the new UAE federal corporate tax (CT) in June 2023, we have introduced a globally recognised UAE Corporate Tax Diploma, awarded by Association of Tax Technicians (ATT – UK), which will provide comprehensive knowledge of the new regulations, legislation requirements and their practical application.
The Diploma examination is approved by the UAE Federal Tax Authority (FTA) and the course has been attended by a select group of staff from the FTA and UAE Ministry of Finance (MoF).
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What is UAE Corporate Tax Training All About?
The UAE Corporate Tax training equips you with the necessary insights into the administration, collection, and enforcement procedures. It is mandated by the Federal Tax Authority. This training is pivotal for businesses, ensuring their adherence to essential regulatory requirements.
What is UAE Corporate Tax Training All About?
The implementation of Corporate Tax significantly contributes to a country's economic sustainability. Recognizing corporate tax's importance fosters enhanced corporate governance, thereby fortifying the national economy. It helps in attaining strategic economic transformation. The UAE Corporate Tax training is a crucial step in this direction.
Why do Companies Hire Professionals with UAE Corporate Tax Training?
Tax consultants meticulously scrutinize every facet of your organization, focusing on tax returns. They craft wise strategies to mitigate tax penalties. They also emphasize the importance of meticulous record-keeping. It includes the orderly management of receipts, and files and maintains transparent financial records. Acquiring the UAE Corporate Tax training complements their expertise and ensures compliance with tax regulations.
Industry Trends
The UAE Corporate Tax training is crucial for regulatory compliance. It ensures that your business activities align with the UAE Corporate Tax framework. These are some of the latest industry trends listed below:
Every company and individual business in the UAE uses a commercial license Free zone companies, preserve the Corporate Tax incentives for regulatory compliance and concentrate only on free zone operations Foreign organizations and people doing frequent business or trade in the United Arab Emirates Bank operations in the United Arab Emirates Companies engaged in agency, brokerage, development, construction, and real estate management
Market trends
The introduction of corporate tax in the UAE carries significant implications for businesses within the country. Corporations generating taxable income exceeding AED 375,000 will now encounter a 9% corporate tax rate, potentially affecting their overall profitability. In this context, obtaining the UAE Corporate Tax training becomes a pivotal step to ensure compliance with these new tax regulations.
Salary Trends
The employment landscape in the UAE presents a promising future. With HR professionals anticipating salary increases ranging from 2% to 5%. Post the successful completion of the UAE Corporate Tax training, individuals in the Dubai region can expect an average annual salary of AED 19,500.
General provisions under UAE Corporate Tax
General provisions
Applicability of UAE Corporate Tax to Exempt Person
Exempt Person
Exemption to a Juridical Person
Relaxation from Ceasing to be an Exempt Person
Government Entities
Government Controlled Entities
Meaning of Income from Extractive Business
Taxability of Income from Extractive Business
Person Carrying Extractive Business and Other Taxable Business
Person Carrying Extractive Business and Ancillary Business
Calculation of Taxable Income of ‘Other Business’
Transactions between Extractive Business and Other Business as Related Party Transactions
Non-Applicability of Exemption under Article 7
Taxability of Income from Non-Extractive Business
Person Carrying Non-Extractive Business and Other Taxable Business
Person Carrying Non-Extractive Business and Ancillary Business
Calculation of Taxable Income of ‘Other Business’
Transactions between Non-Extractive Business and Other Business as Related Party Transactions
Non-Applicability of Exemption under Article 8
Free Zone Person under UAE Corporate Tax Law
Taxation of a Qualifying Free Zone Person under UAE Corporate Tax Law
Election to Pay UAE Corporate Tax by a Qualifying Free Zone Person
Exempt Income
Exempt Income under UAE Corporate Tax Law
Participation Exemption
Conditions for Participation Income Exemption
Establishing Participation Interest under Tax Laws
Participation Interest in QFZP and Exempt Person
Types of Income Exempted after Fulfilling Conditions
Other Conditions and Regulations on Participation Exemption
Foreign Permanent Establishment Exemption
Income Exemption for Foreign PE
Other Provisions on Income Exemption Rule for Foreign PE
Non-Resident Income from Operating Aircrafts or Ships in International Traffic
Non-Resident Specified Business
Deductions
Exempt Income under UAE Corporate Tax Law
Participation Exemption
Expenditure incurred for more than one purpose under UAE Corporate tax law
Establishing Participation Interest under Tax Laws
Participation Interest in QFZP and Exempt Person
General interest deduction limitation under UAE Corporate tax law
Non-applicability of interest deduction limitation
Deductibility of entertainment expenditure under UAE Corporate tax law
Example of entertainment expenditure
Non-deductible expenditure under UAE Corporate tax
Tax Loss Provisions
Transfer of Losses
Conditions for transfer of tax loss from one taxable person to another
Consequence of transfer of tax losses
Calculation of Corporate Tax Payable
Currency for Calculating UAE Corporate Tax
Calculation and Settlement of Corporate Tax
Withholding Tax under UAE Corporate Tax
Withholding Tax on Non-PE Income of a Foreign Company
Withholding Tax Credit under UAE Corporate Tax Law
Foreign Tax Credit under UAE Corporate Tax Law
Anti-Abuse Rules
Anti-Abuse Rules
General Anti-Abuse Rule
What is Corporate Tax Advantage?
Determination by Federal Tax Authority if There is Corporate Tax Advantage
Federal Tax Authority to Issue Assessment if GAAR is Applicable
Federal Tax Authority to Issue Assessment if Determination is Made
Determining Transactions or Arrangements on Which Anti-Abuse Law Applies
Transitional Rules
Transitional rules under UAE Corporate tax law
Tax Returns and Clarifications under UAE Corporate Tax Law
Tax Return
Financial Statement
Transfer Pricing Documentation
Record Keeping
Tax Period
Change of Tax Period
Clarifications from FTA on Deregistration from UAE Corporate Tax
Transitional Rules
Transitional rules under UAE Corporate tax law
Closing provisions under UAE Corporate Tax Law
Delegation of Power under UAE Corporate Tax Law
Administrative Policies and Procedures on Requirements Imposed on Persons under UAE Corporate Tax Law
Cooperating with the Authority under UAE Corporate Tax Law
Revenue Sharing under UAE Corporate Tax Law
International Agreements under UAE Corporate Tax Law
Implementing Decisions under UAE Corporate Tax Law
Other Provisions
Economic Substance Regulations
Relavent activity
Corporate Tax Rates on Free Zones and Non Free Zones
Taxable Person and Corporate Tax Base
Taxable Person under UAE Corporate Tax Law
Resident Person
Non-Resident Person
Corporate Tax Base for Resident or Non-Resident
UAE Sourced Income – Definition and Scope
Permanent Establishment
Definition of Permanent Establishment
Fixed or Permanent Place of Business
Specific Activities Exempted from PE
Non-Applicability of Exclusion under Article 14(3)
Habitual Exercise of Authority on Behalf of Non-Resident
Independent Agent
Investment Manager Exemption
Non-PE Status for Investment Manager
Unincorporated Partnership
Treatment of Partner
Allocation of Assets, Liabilities, Income, and Expenditure
Taxable Income of a Partner
Interest Paid by UIP to a Partner
Treatment of Foreign Tax
Conditions for Foreign Partnership
Application for Taxable Person Status
Approval Effect
Effective Period after Approval
Family Foundation
Calculating Taxable Income under UAE Corporate Tax Law
Determination of Taxable Income under UAE Corporate Tax Law
Adjustment to Taxable Income under UAE Corporate Tax Law
Accounting on Accrual Basis – Gains and Losses on Realisation Basis
Definition of Various Terms Used in Article 20
Provision for Minister to Provide Directions
Application to Authority for Change in Accounting Basis – From Cash to Accrual
Conflict Between Decree Law and Accounting Standards
Small Business Relief under UAE Corporate Tax Law
Provisions Not Applicable on Person Eligible for Small Business Relief
Compliance Regulations to Get Small Business Relief under UAE Corporate Tax Law
Reliefs
Transfer of Assets and Liabilities Between Two Taxable Members of a Qualifying Group
Withdrawal of exemption
Business restructuring relief
Conditions for claiming business restructuring relief under UAE Corporate tax law
Non-applicability of Article 27(1) – Article 27(6) and other Article
Transactions with Related Parties and Connected Persons
Arm’s Length Principle
Applicability of ALP on related party transactions under UAE Corporate Tax law
Different methods to determine ALP under UAE Corporate Tax law
Application of non-prescribed methods to determine ALP
Factors to be considered for application of TP methods to determine ALP
Other provisions on ALP under UAE Corporate Tax law
Adjustments by the federal tax authority
Adjustments by federal tax authority
Corresponding adjustments by federal tax authority to related party
Adjustments made by foreign competent authority
Related Parties and Control
Two or more persons partner in unincorporated partnership
Trustee etc., of a trust or foundation
Tax deductibility of payments to connected persons
Who are connected persons under UAE Corporate Tax
Owner of a connected person under UAE Corporate Tax
Connected person of a partner in an unincorporated partnership
How would market value be determined
Payments to connected persons – Exemption
Tax Group Provisions
Conditions necessary for parent company to form a tax group with subsidiary company
Formation of tax group in case of government entity
Implications & duties of the company in a tax group
Obligation of the parent company and subsidiary company
Implications & duties of the company in a tax group
Implications & duties of the company in a tax group
Obligation of the parent company and subsidiary company
Implications & duties of the company in a tax group
Circumstances under which subsidiary can leave the tax group
Circumstances under which tax group will cease to exist
Circumstances under which parent company can make an application to be replaced by another parent company without discontinuing tax group
Circumstances under which parent company can make an application to be replaced by another parent company without discontinuing tax group
Payment and Refund of Corporate Tax
Tax Payment under UAE Corporate Tax Law
Tax Refund under UAE Corporate Tax Law
Tax Registration and Deregistration under UAE Corporate Tax Law
Tax Registration under UAE Corporate Tax Law
Deregistration from UAE Corporate Tax
Deregistration from UAE Corporate Tax by FTA
Closing provisions under UAE Corporate Tax Law
Delegation of Power under UAE Corporate Tax Law
Administrative Policies and Procedures on Requirements Imposed on Persons under UAE Corporate Tax Law
Cooperating with the Authority under UAE Corporate Tax Law
Violations and Penalties
Corporate tax assessment and penalties under UAE Corporate tax law
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Demand & Opportunities
Corporate tax, a direct tax imposed on corporate entities’ net income, plays a pivotal role in the UAE’s fiscal strategy. To navigate this evolving landscape, UAE Corporate Tax training is an essential step toward compliance and success in this dynamic business environment.
Here are some of the job roles one can apply for after attaining UAE Corporate Tax training. The job roles are as follows:
- Corporate Tax Consultants
- Corporate Taxation Executives
- Tax Auditors
- Tax Analysts
- Tax Accountants
Course Outcome
After you complete UAE Corporate Tax training, you will be able to do the following:
- Attain a thorough grasp of federal income taxation related to corporate profits
- Acquire knowledge and best practices for the accurate and timely filing of business tax returns
- Review the foundational principles of tax law
- Master the techniques and methodologies for calculating corporate income tax for organizations
- Identify diverse strategies for efficient tax planning and minimizing tax obligations
Program Dates
Why Count on Learners Point?
Learners Point Academy, as the top provider of UAE Corporate Tax training, assists professionals in acquiring the required skills to advance in their careers.
The UAE Corporate Tax training we offer has unique features. The USPs of our training program are listed below :
- We study real-time challenges organizations face and gauge the practical necessities
- Along with theory, we study real-life examples to understand reality and provide insight into what you need to deliver
- Our customized UAE Corporate Tax training also assists by providing assignments linked to a real work environment
- We conduct group sessions along with a well-coordinated learning experience
- We also offer career guidance so that individuals can get an effective professional placement
Corporate Tax Training Reviews
Ahmed Al-Mansoori
Superb AI program! The course structure accommodated my busy professional life, and the hands-on projects enhanced my skills. Post-course assistance is commendable. The certification opened doors, and I’m now working on cutting-edge AI projects.
Ahmed Al-Mansoori
Superb AI program! The course structure accommodated my busy professional life, and the hands-on projects enhanced my skills. Post-course assistance is commendable. The certification opened doors, and I’m now working on cutting-edge AI projects.
Get course details
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