Practical Hands-on session for Business Owners and their Finance Teams based on the new Corporate tax Law released on 9th December 2022. This masterclass will help people involved in the preparation of Corporate Tax to understand the rules and regulations and how they should be applied.

The new tax will see businesses levied with a corporate tax of 9 percent on profits above AED385,000. Profits up to and including that threshold will be taxed at a zero percent rate to support small businesses and startups.

Finance teams will learn how to conduct an Impact Assessment on their business during this training.

The course will examine all the key aspects of the the UAE Corporate Tax System and clearly illustrate how to perform the calculation of the Corporation Tax payable.

It will describe the procedural requirements that need to be in place to ensure that filing deadlines are met and payments are made on time so that you reduce the risk of receiving unwanted penalties on your business.

An impact assessment is required to document how a change in the law will affect your business and provide insight into how the new Corporate Tax law will affect you.

The impact assessment should be based on all relevant facts, including but not limited to the amount of revenue that has been earned in the country by the company, number of employees and what kind of business entity it is (including private limited company or public limited company, public joint stock company, operating as a branch).

Brought to you by experts in UAE VAT and Corporate Tax. This training is delivered by an FTA Approved Tax Agent working in accounting firms with taxation, audit and lecturing experience.

Whether you are the CEO of a small or large organization; or a manager or executive in a finance or non-finance role, you would benefit from this masterclass.

The focus of this 1-day programme is to ensure all registered businesses, especially those coming under the purview of the Corporate Tax, are trained to start formal accounting and auditing processes from now on to establish their financial credentials for tax calculation and subsequently file tax returns.

Where applicable, practical examples, illustrations and case studies will be used to enable participants to relate and apply to real life tax situations.