Course Summary
Corporate Tax in the UAE was introduced by the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, and came into effect for financial years starting on or after 1 June 2023. This marks a significant shift in the UAE’s tax landscape, aligning it with international standards on tax transparency and Base Erosion and Profit Shifting (BEPS).
If your goal is to ensure compliance and stay current, our UAE Corporate Tax Course is specifically crafted to aid professionals in comprehending fundamental regulations, corporate tax filing necessities, and the frameworks established by the FTA for corporate tax.
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Why WingsWay?
WingsWay Training Institute, a globally recognised and trusted Authorised Training Centre, ensures you receive top-quality training and recognition for your efforts. Our UAE corporate tax classes are designed for finance professionals, business owners, and corporate tax consultants looking to upgrade their knowledge. Our commitment to delivering exceptional private education in Dubai has earned us the approval from the Knowledge and Human Development Authority (KHDA), an accreditation from CPD (UK) Standard’s Office, and an ISO 9001:2015 certification from the International Accreditation Forum (IAF).
Furthermore, WingsWay Training Institute proudly received the title of ‘Best Training Institute’ twice and the ‘Outstanding Organisation Award’. Our services and training quality have not only been recognised by students in 85+ nationalities but also by top international organisations.
Course Content
Applicability:
- Applies to all UAE-resident legal entities (including Free Zone companies, subject to conditions).
- Also applies to non-residents who have a Permanent Establishment (PE) in the UAE or earn UAE-sourced income.
- Natural persons engaged in business activities may also be subject to corporate tax if their income exceeds the threshold.
Corporate Tax Rates:
- 0% on taxable income up to AED 375,000 (to support small businesses and startups).
- 9% on taxable income exceeding AED 375,000.
- A different rate may apply to large multinational companies (under OECD Pillar Two – BEPS 2.0, once implemented).
Exempt Entities:
- Government entities and government-controlled entities
- Extractive businesses (oil, gas – if subject to Emirate-level taxation)
- Certain public benefits and qualifying investment funds
- Certain pension or social security funds
Free Zones:
- Free Zone companies can benefit from 0% tax on qualifying income if they meet the conditions of being a Qualifying Free Zone Person.
- Non-qualifying income (or failure to meet conditions) will be taxed at 9%. Our UAE corporate tax training includes deep insights into Free Zone taxation strategies.
Important Concepts:
- Taxable Income: Based on accounting profits, adjusted for certain items.
- Transfer Pricing: Must comply with OECD principles and maintain documentation.
- Withholding Tax: Set at 0%, providing an attractive regime for cross-border payments.
Compliance Requirements:
- Annual tax return filing is required within 9 months from the end of the relevant tax period.
- Maintenance of audited financial statements may be required for certain businesses.
- Registration for corporate tax is mandatory for all subject persons.
Course Duration
12 hours including practical
Entry Qualification
Knowing the fundamentals of accounting is preferred but not mandatory for this course.
Learning Outcomes
Upon completing this UAE Corporate Tax Course training, the participants must know:
- Basic general description of what is corporate tax
- Overview of corporate tax in USA, UK, European Union, & Asia
- Corporate tax implementation in UAE (FTA)
- Overview of UAE corporate tax regime
- Understand the UAE corporate tax obligation
- Understand the impact of VAT on imports and exports to the participant countries (Gulf region) and non-member countries (remainder of the globe)
- Submission of business income tax
- Understand the impact of UAE corporate tax obligation on the business
- Understand companies that are exempted from UAE corporate tax
- Settlement of bookkeeping profit with tax revenue and application of 9% corporate tax price
- Identify potential errors in company tax calculations and how to prevent them
- Understand the tax profit and audit earnings
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