UAE Corporate Tax Law Masterclass (Updated: March 2024) from Udemy

Welcome to the UAE Corporate Tax Law Masterclass. In this course, you will learn everything you need to know about corporate taxation in the United Arab Emirates. As an expert in the field, I will guide you through the complexities of UAE corporate tax law and provide you with practical tips and strategies for tax planning and compliance.

Course Structure:

The course covers the following key areas of the UAE Corporate Tax Law:

Introduction and Overview of UAE Corporate Tax Law
Who are exempted from UAE Corporate Tax - An Overview
Taxable Person - Resident & Non-Resident
Basis of Taxation for Resident and Non-Resident Taxable Persons
Permanent Establishment & How it can trigger the CT for Non-residents
Taxation of Partnerships & Family Foundations
Tax Grouping
Qualify Free Zone Person & It's Taxation
Exempt Income and its Impact
Tax Relief
Deductible Expenses
Transactions with Related Parties
Tax Loss Provisions
Calculation of Tax Payable
Tax Return and Record-keeping

Who is this course for?

This course is designed for business owners, entrepreneurs, accountants, tax professionals, and anyone else who wants to gain a comprehensive understanding of corporate tax law in the UAE. No prior knowledge of UAE tax law is required.

Why take this course?

By the end of this course, you will have the knowledge and skills needed to confidently navigate the complex corporate tax landscape

What's inside

Learning objectives

Understand the key definitions and general provisions of uae corporate tax laws and regulations.
Identify the types of entities that are exempt from corporate tax under uae tax law, such as government entities, extractive businesses and exempt activities.
Determine the qualifying criteria for free zone persons and understand the election process for being subject to corporate tax in the uae.
Calculate taxable income under uae tax law, including the general rules for determining taxable income and the relief available for small businesses.
Understand the various types of exempt income under uae tax law, including participation exemption and foreign permanent establishment exemption.
Identify the different reliefs available under uae tax law, such as transfers within a qualifying group and business restructuring relief.
Understand the types of deductible expenditure under uae tax law, including interest expenditure and entertainment expenditure.
Comprehend the arm's length principle and its application in transactions with related parties and connected persons.

Understand the concept of tax loss relief, including the transfer of tax losses and the limitations on carrying forward tax losses.
Understand the tax group provisions under uae tax law, including the calculation of taxable income for a tax group.
Calculate corporate tax payable under uae tax law, including the rules for withholding tax and foreign tax credit.
Know the procedures for tax registration, deregistration, and filing of tax returns under uae tax law.
Understand the penalties for violating uae tax law, including the assessment of corporate tax and penalties.
Understand the transitional rules under uae tax law, including the application of the decree-law to tax periods.
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Understand the key definitions and general provisions of uae corporate tax laws and regulations.
Identify the types of entities that are exempt from corporate tax under uae tax law, such as government entities, extractive businesses and exempt activities.
Determine the qualifying criteria for free zone persons and understand the election process for being subject to corporate tax in the uae.
Calculate taxable income under uae tax law, including the general rules for determining taxable income and the relief available for small businesses.
Understand the various types of exempt income under uae tax law, including participation exemption and foreign permanent establishment exemption.
Identify the different reliefs available under uae tax law, such as transfers within a qualifying group and business restructuring relief.
Understand the types of deductible expenditure under uae tax law, including interest expenditure and entertainment expenditure.
Comprehend the arm's length principle and its application in transactions with related parties and connected persons.
Understand the concept of tax loss relief, including the transfer of tax losses and the limitations on carrying forward tax losses.
Understand the tax group provisions under uae tax law, including the calculation of taxable income for a tax group.
Calculate corporate tax payable under uae tax law, including the rules for withholding tax and foreign tax credit.
Know the procedures for tax registration, deregistration, and filing of tax returns under uae tax law.
Understand the penalties for violating uae tax law, including the assessment of corporate tax and penalties.
Understand the transitional rules under uae tax law, including the application of the decree-law to tax periods.
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Show less

Syllabus

Overview

Introduction and Overview of UAE Corporate Tax Law

Exempt Persons

Who are exempted from UAE Corporate Tax - An Overview

Taxable Person and Corporate Tax Base

Taxable Person - Resident & Non-Resident

Basis of Taxation for Resident and Non-Resident Taxable Persons

Permanent Establishment & How it can trigger the CT for Non-residents

Taxation of Partnerships & Family Foundations

Tax Group Provisions

Tax Grouping

Free Zone Persons and Their Taxation

Qualify Free Zone Person & It's Taxation

Free Zone Taxation - Updated With Cabinet Decisions

Calculation of Corporate Tax Liability

Exempt Income and its Impact

Tax Relief

Deductible Expenses

Transactions with Related Parties

Tax Loss Provisions

Calculation of Tax Payable

Tax Return & Recordkeeping

Tax Return and Recordkeeping

I will be posting new video lectures for all the key updates announced in the UAE Corporate Tax Law by the Federal Tax Authority of the UAE.

Corporate Tax Registration Deadlines

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in UAE Corporate Tax Law Masterclass (Updated: March 2024) with these activities:

Review Basic Accounting Principles

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Strengthen your understanding of fundamental accounting concepts, which are essential for grasping corporate tax implications.

Browse courses on Accounting Principles

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Review key accounting terms and definitions.
Practice preparing basic financial statements.
Work through sample accounting problems.

Read 'UAE Corporate Tax Law' by Deloitte

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Gain a deeper understanding of the UAE Corporate Tax Law by studying a comprehensive guide written by experts.

View China Master Tax Guide 2005 (Asia Business Law) on Amazon

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Obtain a copy of the 'UAE Corporate Tax Law' publication.
Read the chapters relevant to the course syllabus.
Take notes on key concepts and regulations.

Create a Presentation on Tax Implications for Free Zones

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Deepen your understanding of free zone taxation by creating a presentation that explains the key implications and regulations.

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Research the specific tax regulations for free zones in the UAE.
Prepare a presentation outlining the key tax implications for businesses operating in free zones.
Include examples and case studies to illustrate the concepts.
Present your findings to a peer or colleague.

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Compile a List of Deductible Expenses

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Solidify your understanding of deductible expenses by creating a comprehensive list with relevant regulations and examples.

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Review the course materials on deductible expenses.
Research additional sources on deductible expenses in the UAE.
Create a detailed list of deductible expenses with examples.
Include relevant regulations and guidelines for each expense.

Calculate Taxable Income Scenarios

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Improve your ability to calculate taxable income by working through various practical scenarios and case studies.

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Find or create sample scenarios involving different types of income and expenses.
Calculate the taxable income for each scenario, showing your work.
Compare your calculations with the correct answers and identify any errors.
Repeat with more complex scenarios.

Develop a Tax Compliance Checklist

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Reinforce your knowledge of tax compliance requirements by developing a comprehensive checklist for businesses in the UAE.

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Review all relevant course materials and regulations.
Identify all the necessary steps for tax compliance in the UAE.
Create a detailed checklist that businesses can use to ensure compliance.
Include deadlines and relevant contact information.

Read 'International Tax Law: Principles, Policy and Practice' by Philip Baker

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Expand your knowledge of corporate tax by studying international tax law principles and their application.

View Putting Knowledge to Work on Amazon

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Obtain a copy of 'International Tax Law: Principles, Policy and Practice'.
Focus on chapters related to corporate tax and international tax treaties.
Relate the international principles to the UAE Corporate Tax Law.

Career center

Learners who complete UAE Corporate Tax Law Masterclass (Updated: March 2024) will develop knowledge and skills that may be useful to these careers:

Tax Accountant

A Tax Accountant ensures financial records are accurate and taxes are paid correctly and on time. This course on UAE Corporate Tax Law helps a Tax Accountant immensely by providing a comprehensive understanding of the specific regulations and requirements for corporate taxation in the United Arab Emirates. The course covers key areas such as taxable persons, permanent establishments, tax grouping, and calculation of tax payable, all of which are essential for a Tax Accountant working with UAE-based companies. Understanding deductible expenses and transactions with related parties, as taught in the course, would further equip a Tax Accountant to optimize tax strategies and ensure compliance.

See salaries and explore the career path for Tax Accountant

Tax Advisor

A Tax Advisor provides expert advice to businesses and individuals on how to minimize their tax liabilities while staying compliant with the law. This course will provide foundational knowledge. The course specifically covers essential aspects such as taxable persons, permanent establishments, tax grouping, and the taxation of free zone persons. Knowing exempt income and available tax reliefs, as highlighted in the course, enables a Tax Advisor to create effective tax planning strategies for clients in the UAE. Expertise in transactions with related parties, tax loss provisions, and the calculation of tax payable, all discussed in the course, would significantly enhance a Tax Advisor's ability to offer comprehensive and strategic tax advice.

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Tax Lawyer

Tax Lawyers specialize in interpreting and applying tax laws to advise clients on tax-related legal matters, often requiring a Juris Doctor degree. This course on UAE Corporate Tax Law may assist a Tax Lawyer who needs to quickly grasp the intricacies of the UAE's tax system. The course covers essential topics such as taxable persons, permanent establishments, tax grouping, and the taxation of free zone persons which helps build a foundation. The course will be useful for understanding the UAE-specific context, particularly regarding exempt income, tax reliefs, and transactions with related parties. Proficiency in these areas, as covered in the course, supports a Tax Lawyer in providing informed and legally sound advice to their clients.

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Compliance Officer

A Compliance Officer ensures that a company adheres to all relevant laws, regulations, and internal policies. This course on UAE Corporate Tax Law helps a Compliance Officer by providing detailed knowledge of the tax laws and regulations specific to the UAE. The course covers taxable persons, permanent establishments, tax grouping, and the taxation of free zone persons. Understanding deductible expenses, transactions with related parties, and tax loss provisions, as taught in the course, would allow the Compliance Officer to monitor and enforce tax compliance effectively within the organization. The ability to navigate the complexities of UAE corporate tax, as demonstrated by completing this course, strengthens a Compliance Officer's capacity to mitigate risks and maintain regulatory standards.

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Financial Controller

A Financial Controller oversees the accounting and financial reporting processes of an organization, making sure financial statements are accurate and compliant. This course on UAE Corporate Tax Law may be useful for a Financial Controller working in the UAE. The course covers key areas such as taxable persons, permanent establishments, tax grouping, and the intricacies of free zone taxation. Understanding deductible expenses, transactions with related parties, and tax loss provisions would enable a Financial Controller to manage financial reporting and ensure compliance with UAE tax regulations. The knowledge gained about calculating tax payable, as covered in the course, is relevant to a Financial Controller's responsibilities.

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Auditor

An Auditor examines financial records to ensure accuracy and compliance with laws and regulations. This course on UAE Corporate Tax Law may assist an Auditor by providing insights into the specific tax regulations applicable to businesses operating in the UAE. The course covers key topics such as taxable persons, permanent establishments, tax grouping, and the taxation of free zone entities. Familiarity with deductible expenses, transactions with related parties, and tax loss provisions would enhance an Auditor's ability to assess compliance and identify potential discrepancies in financial statements. Expertise in calculating tax payable, as taught in the course, supports an Auditor in verifying the accuracy of tax filings.

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Finance Manager

A Finance Manager is responsible for the financial health of an organization, overseeing budgeting, financial planning, and reporting. This course on UAE Corporate Tax Law may be useful for a Finance Manager by providing a foundational understanding of the tax implications for businesses in the UAE. The course touches on taxable persons, permanent establishments, tax grouping, and the taxation of free zone persons. Understanding deductible expenses, transactions with related parties, and tax loss provisions can help with financial planning and forecasting. The ability to interpret and apply UAE tax laws, as covered in the course, strengthens a Finance Manager's strategic decision-making.

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Business Consultant

A Business Consultant provides expert advice to organizations to help them improve their performance and efficiency. This course on UAE Corporate Tax Law may be useful for a Business Consultant who advises companies operating in the UAE. The course covers topics like taxable persons, permanent establishments, tax grouping, and the taxation of free zone persons. Understanding deductible expenses, transactions with related parties, and tax loss provisions can inform business strategies and recommendations. The knowledge gained about calculating tax payable, as covered in the course, helps a Business Consultant to offer more informed advice.

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Investment Banker

An Investment Banker helps companies raise capital by issuing stocks and bonds, and advises on mergers and acquisitions. This course on UAE Corporate Tax Law may be useful for an Investment Banker who works with UAE-based companies or international firms investing in the UAE, as it provides an overview of the UAE's corporate tax landscape. Topics covered include taxable persons, permanent establishments, tax grouping, and the taxation of free zone persons. Familiarity with deductible expenses, transactions with related parties, and tax loss provisions can inform investment strategies and financial modeling. The knowledge of UAE-specific tax regulations can differentiate an Investment Banker.

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Management Accountant

A Management Accountant provides financial information and analysis to help managers make informed business decisions. This course on UAE Corporate Tax Law may be useful for a Management Accountant working in the UAE. The course introduces taxable persons, permanent establishments, tax grouping, and the taxation of free zone persons. Understanding deductible expenses, transactions with related parties, and tax loss provisions can help with cost analysis and profitability assessments. Familiarity with UAE tax regulations, as covered in the course, supports a Management Accountant in providing relevant and accurate financial insights.

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Economist

An Economist studies the production, distribution, and consumption of goods and services. This course on UAE Corporate Tax Law may be useful for an Economist who specializes in the UAE economy, as it provides insights into the tax policies that influence business behavior. The course touches on taxable persons, permanent establishments, tax grouping, and the taxation of free zone persons. Understanding deductible expenses, transactions with related parties, and tax loss provisions can help with economic modeling and forecasting. Familiarity with UAE tax regulations, as covered in the course, enhances an Economist's understanding of the local business environment.

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Real Estate Developer

A Real Estate Developer oversees the planning, financing, and construction of real estate projects. This course on UAE Corporate Tax Law may provide a Real Estate Developer with an understanding of the tax implications associated with real estate development in the UAE. The course covers topics such as taxable persons, permanent establishments, tax grouping and the taxation of free zone entities. Familiarity with deductible expenses, transactions with related parties, and tax loss provisions may help better understand the tax impact of project financing and structuring. Knowledge regarding the calculation of tax payable can further inform the financial feasibility of real estate developments.

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Business Analyst

A Business Analyst identifies an organization's needs and recommends solutions that deliver value. This course on UAE Corporate Tax Law may assist a Business Analyst by providing context regarding the tax implications that impact business decisions in the UAE. The course covers topics such as taxable persons, permanent establishments, tax grouping, and the taxation of free zone entities. Understanding deductible expenses, transactions with related parties, and tax loss provisions will allow a Business Analyst to consider tax implications when making recommendations. Knowledge of UAE tax regulations strengthens a Business Analyst's ability to provide informed recommendations.

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Project Manager

A Project Manager plans, executes, and closes projects, ensuring they are completed on time and within budget. This course on UAE Corporate Tax Law may assist a Project Manager by providing crucial insights to the tax implications for project finances within the UAE. The course includes the study of taxable persons, permanent establishments, tax grouping, and taxation of free zone persons. Understanding deductible expenses, transactions with related parties, and tax loss provisions will provide a Project Manager useful insights for planning and execution. Knowledge of UAE tax regulations, as covered in the course, helps in financial planning and project risk management.

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Data Analyst

A Data Analyst examines data to draw conclusions and make recommendations. This course on UAE Corporate Tax Law may provide Data Analysts valuable context when working for finance departments or government agencies in the UAE. The course discusses taxable persons, permanent establishments, tax grouping, and the taxation of free zone persons. Understanding deductible expenses, transactions with related parties, and tax loss provisions can provide a useful framework for interpreting financial data. Knowledge of UAE tax regulations, as covered in the course, offers Data Analysts relevant background for analyzing tax-related data.

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Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in UAE Corporate Tax Law Masterclass (Updated: March 2024).

China Master Tax Guide 2005

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Provides a comprehensive overview of the UAE Corporate Tax Law, including detailed explanations of key provisions and practical examples. It serves as an excellent reference guide for understanding the intricacies of the law. It is particularly useful for understanding the nuances of tax compliance and planning in the UAE. This book adds significant depth to the course material.

China Master Tax Guide 2005 (Asia Business Law)

Hardcover

$$$

Putting Knowledge to Work

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Provides a broader context for understanding the UAE Corporate Tax Law by exploring international tax principles and practices. It is useful for understanding the global landscape of corporate taxation and how the UAE law fits within it. While not specific to the UAE, it offers valuable insights into the underlying principles and policies that shape tax laws worldwide. This book is more valuable as additional reading to provide a broader context.

Putting Knowledge to Work

Paperback

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Putting Knowledge to Work

Kindle Edition

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UAE Corporate Tax Law Masterclass (Updated

March 2024)

What's inside

Learning objectives

Syllabus

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Activities

Career center

Reading list

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