UAE private sector gets ready for the new Corporate Tax

UAE CORPORATE TAX

IMPLEMENTATION & PREPARATION MASTERCLASS

Practical Hands-on training for Business Owners and their Finance Teams.

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. 

UAE CORPORATE TAX LAW Implementation & Preparation Masterclass

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.

Masterclass Fee

AED 699
  • Crowne Plaza - Dubai
  • 9:00am - 4:00pm
  • Certificate of Achievement
  • Corporate Tax Implementation Checklist Notes & Session Slides
  • 3 Months Complimentary Consulting & Support by our Approved FTA Tax Agent & Instructor for Finance Teams to Ensure Zero Error Implementation
  • Complimentary Refresher Class Within 6 Months
  • Morning / Mid-Day Refreshments & Lunch

Masterclass Overview

Prepare your business for the UAE’s new Corporate Tax Law

During the one-day masterclass, business owners and their finance teams will learn how to focus on the practical implications that the UAE Corporate Tax Law has on their systems, processes, and technology. With the introduction of corporate tax in the UAE, there is a major change in the tax and compliance costs of most UAE businesses.

Entities must be compliant with the new tax regime and this requires an accurate identification of tax implications and alterations to corporate structure, operating model(s), finance/tax operations, reporting systems, legal agreements and transfer pricing policies if required.

All registered businesses will have to start formal accounting and auditing process from now on to establish their financial credentials for tax calculation and subsequently file tax returns Companies need to make provision for proper accounting systems and issue annual financial audit reports, based on which the Corporate Tax will be calculated and filed with the UAE Federal Tax Authority (FTA).

Adapting to Corporate Tax will mean updating and upgrading ERP and IT systems and interfaces to correctly capture input and output Corporate Tax.

This masterclass responds to the need to prepare business owners and their finance teams to fulfill their tax obligations honestly and on time. There is a pressing need to prepare knowledgeable tax professionals to fill leadership roles in tax management.

Basic principles of Corporate Tax planning and compliance with relevant tax legislation and regulations are stressed in the program.

AGENDA

  • Thorough Understanding of the final law and what it means for the operation and administration of your entire business

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