UAE Corporate Tax Law Masterclass

Explore eight UAE corporate tax exemptions, including government and government-controlled entities, extractive and non-extractive natural resource businesses, qualifying public benefit entities, investment funds, and pension funds, subject to FDA approval.

Learn how the UAE corporate tax defines a taxable person under ct article 11, distinguishing residents (uae-incorporated entities and license-holding individuals) from non-residents and their global income versus UAE-sourced income.

The lecture outlines UAE tax bases for residents and non-residents; resident juridical entities pay worldwide income, while resident individuals pay tax on UAE business activity, and non-residents on UAE-sourced income.

Explore how permanent establishment triggers UAE corporate tax for non-residents via fixed places of business, habitual authority, or cabinet-defined nexus, with exclusions; include Article 15 exemption for investment managers.

Describe how unincorporated partnerships are taxed transparently to partners, while incorporated partnerships and family foundations may be taxed as entities, with distributive-share allocations and eligibility rules.

Explain how a UAE tax group consolidates parent and subsidiary entities with 95% ownership for a single tax return, including pre-grouping loss offsets and cessation or new parent scenarios.

Explain the concept of qualifying free zone persons and the 0% tax on qualifying income and 9% on non- qualifying income, with conditions like adequate substance and arm's-length compliance.

Learn how free zone taxation applies to juridical entities, identifying qualifying free zone persons, qualifying income, de minimis rules, and zero tax on qualifying income under cabinet decisions.

Learn how exempt income affects taxable income, including UAE resident dividends, foreign investee income under participating interest, and foreign branch exclusions with conditions.

Learn intra-group relief for transfers within a qualifying group (75% ownership) and business restructuring relief when gains are not recorded on qualifying sales with a valid commercial purpose.

Identify deductible and non-deductible expenses for UAE corporate tax; learn cap on interest deduction, capital versus revenue expenditures, entertainment limits, and rules on personal expenses, exempt income, and carry-forwards.

Explore how related party transactions must follow the arm's length principle under UAE corporate tax law, covering connected persons, transfer pricing, and the five pricing methods.

Learn how UAE corporate tax law treats tax losses, including 75% annual deduction limits, indefinite carryforwards, intra-group loss transfer, and ownership or activity conditions.

Learn to compute UAE corporate tax payable from IFRS accounting profit using add backs and exempt income, 0% up to 375k, and 9% on the remainder with foreign tax credits.

Explains the contents of the UAE corporate tax return and online filing via the VAT portal, mandatory registration for all UAE-incorporated entities, accrual-based taxable income, and seven-year record keeping.

Explain the UAE corporate tax regime timelines, registration deadlines by taxpayer category, and the March 1, 2024 decision guiding three-month to nine-month registration windows.