UAE Corporate Tax Training in Dubai | Corporate Tax Training DXB

UAE Corporate Tax Training

Through this UAE Corporate Tax Training professional will have access to complete approach to tax management through function design, technology & compliance delivery to meet challenges and putting in the place processes & systems to enable them to deliver more with less.

The United Arab Emirates (UAE) through Ministry of Finance (MoF) is in process of introducing a federal Corporate Tax regime for the first time ever in United Arab Emirates (UAE). And with this UE Government will issue a corporate tax law and executive regulations for implementation of the Corporate Tax Law.

This course will give you the best opportunity to be able to transfer their newly acquired knowledge and skills into the workplace.

The models and scenarios in UAE Corporate Tax Training are designed and delivered with an objective, from a tax perspective ensuring that participants are able to fully relate to the material and thus increasing their understanding and knowledge retention.

Our complete approach to tax management brings together tax function design, technology and compliance delivery; setting a strategy which flexes to meet the changing needs/ challenges and putting in the place the people who are competent, smooth processes and effective systems to enable them to deliver more.

We offer structured UAE Corporate Tax Training Course for tax and finance professionals to attain a high level of competency in UAE Corporate Tax in Dubai, Abu Dhabi, United Arab Emirates. We offer Training on Value Added Tax and other tax related training courses in Dubai and all of United Arab Emirates with our expert professional with practical experience of national and international taxation.

Participants will achieve a good appreciation of UAE Corporate Tax, its tax principles and tax laws, and be able to apply these principles in daily tax tasks in the industry.

The session also includes critical analysis of the technical and legal issues as well as the challenges and opportunities which may emerge for businesses.

Learning Objectives

Scope of UAE Corporate Tax
Basic concepts of UAE Corporate Tax and its impact on their company
Impact of UAE Corporate Tax on the organization /company
How UAE Corporate Tax will impact the operations of the company
Taxable and Exempt industry sectors from UAE Corporate Tax.
Corporate Tax Computation
How to account for accounting profit and the tax while UAE Corporate Tax Calculation
Preparation and submission of Corporate Tax Return
Having peace of mind that tax is not such a big task
Preparation of tax returns, statements and reconciliations
Administering routine tax affairs including notices handling
Saving money by active compliance via updating changes in tax laws
Direct Tax and Indirect Tax nexus
How to avoid errors and omissions in Corporate Tax calculations

Following are the expected outcomes after completing the UAE Corporate Tax Training in Dubai:

Course Topics of UAE Corporate Tax Training

Welcome Note

Introduction of trainers and training team
Participant introductions and pre-evaluation

Introduction/ Overview

Overview of Corporate Tax Frameworks around the Globe
UAE Corporate Tax in line with UAE VAT Law
Scope of Application for Corporate Tax in UAE
Reasons of implementation of UAE Corporate Tax Training
Tax Rates, Exemptions and Reduced Rates
Taxable Income / Businesses
Non-taxable Income / Businesses
Exempt Income / Businesses

Setting-up Tax Compliance Department

Talent and People
Structure and Organization
Talent acquisition strategy and continuously training
Resources are deployed appropriately according to skills and needs
Focused on data analysis
Proactive key decision makers
Highly specialized and deployed appropriately
Centralized operations with cost effective measures
Effective communication and coordination between business units
Errors traceable to an owner
Policies and procedures Integration, automation and accuracy

Practical / Real life issues

Overview of different industries and their taxation (Hospitality and Tourism, Real-Estate, Restaurants, Manufacturing, Construction, Distributors, Service Providers)
Administration, Collection and Enforcement
Industry Specific benefits/ incentives/ exemptions
Expenses to be regularized (Allowable and disallowed)
Tax Planning Essentials
Inter-emirate business relations
Impact of Corporate tax on business operations, structures, and mergers etc.

Taxability of Free Zones

Basics of Taxability of Free Zones all over UAE
Legal Framework of Free Zone Authorities
Freezone companies doing business with mainland businesses

Setting Strategic Direction

How does the tax compliance department lead in the rest of the organization in terms of tax cost and tax risk?
How to operate a tax department that effectively delivers value while managing risks
Case studies: How tax compliance officers evolve to set their strategic direction
Keeping Accurate Books and Records
Changes in Management Systems
Changes in Agreements, contracts and business dealings
Implementation, Compliance and Monitoring
Confidentiality and Data Protection
Tax Code for business/ tax policy and its Implementation

Deep Dive – UAE Corporate Tax Training

An overview of statistics applied in organizations
Microsoft® Excel® and some key tools
Working With Decision Variables and Optimizing Solutions
Exercise – Self assessment of current practices and development opportunities
Fixed Assets and Depreciation
Application of IFRSs and taxation
Group Taxation Regulations
Withholding taxes
Understanding the Principles of Intelligence Analysis
Techniques for managing collection and the passage of data between organizations

International Regulations and Taxation

Base erosion and profit shifting (BEPS)
Taxation and Money Laundering
Transparency and Transaction Monitoring
Cash-Based Money Laundering
Trade-Based Money Laundering
Building better Vendor on-boarding process
International Trade Compliance
Anti-corruption practices
Data Privacy

Who Must Attend

This well-researched course will benefit executives who are responsible for the taxation affairs in the industry or in practice.

Business Entrepreneurs, CFOs, CEOs, Finance Managers, Staff Accountants, Senior Accountants, Chief Accountants, Finance Directors, Head of Finance, Accountants, Auditors, Accounting Managers, Controllers, External & Internal Auditors, Tax Consultants, Tax Advisors, Tax Lawyers, People who wish to improve their tax knowledge, Consultants other professionals in the accounting and finance functions will find the course particularly useful.

Organizations consider this course as a great opportunity to train their officers in the complexities of tax matters in the industry.

Accounting Professionals
Finance Professionals
Consultants
Finance Executives
Tax Professionals/ Officers
Compliance Managers
Internal Audit Staff
Risk Officers
Operational Managers

Review of Course

Recap of course content
Questions and answers

Materials Provided

Course material file and hand-outs
Exercise sheets and activities

Participants will Get

Seminar pack containing the information presented on the day
Fun learning activities
Certificate of participation

Course fee and Duration

Per participant AED2,490 (Inclusive of UAE VAT)

(INCLUDING COFFEE BREAKS, A BUFFET LUNCH DAILY, COURSE MATERIAL AND CERTIFICATE)

Training Topics also Include

Imposition of Corporate Tax and Rates

Corporate Tax shall be imposed on Taxable Income, at the rates determined under this Decree-Law, and payable to the Authority under this Decree-Law and the Tax Procedures Law.

Corporate Tax Rate

Corporate Tax shall be imposed on the Taxable Income at the following rates:

0% (zero percent) on the portion of the Taxable Income not exceeding the amount specified in a decision issued by the Cabinet at the suggestion of the Minister.
9% (nine percent) on Taxable Income that exceeds the amount specified in a decision issued by the Cabinet at the suggestion of the Minister.

Corporate Tax shall be imposed on a Qualifying Free Zone Person at the following rates:

0% (zero percent) on Qualifying Income.
9% (nine percent) on Taxable Income that is not Qualifying Income under Article 18 of this Decree-Law and any decision issued by the Cabinet at the suggestion of the Minister in respect thereof.

Exempt Persons

Explain what kinds of persons are exempt from UAE Corporate Tax, that include Government Entities, Qualifying Public Benefit Entity, public pension or social security fund, or a private pension or social security fund that is subject to regulatory oversight and much more