ADE Professional Solutions invites you to a hands-on seminar on corporate tax in the UAE. On April 9, we will cover practical aspects of preparing corporate tax returns, IFRS reporting, planning and calculating tax liabilities, and addressing related challenges.
Part I: Corporate Tax Compliance
Filing and submitting corporate tax returns
Completing the tax return for the first tax period: essential points and common pitfalls
Decision-making scenarios: combining different provisions in practice
Economic substance requirements: confirmation and reporting
Qualified and exempt activities: tax rules for free zone residents and de minimis thresholds
Transfer pricing and the “arm’s length principle” in corporate tax calculation
Tax groups and qualified groups: rules and planning considerations
IFRS reporting as the basis for corporate tax calculation
Accounting policies: selection and implications
Profit and loss statements: key considerations and common issues
Expense capitalization and treatment
Profit centers and maintaining separate accounts
Revenue recognition
Other methodological and technical issues
Group structure and profit center planning
Intra-group transactions: planning within transfer pricing rules and tax group requirements
Dividend policy under OECD guidelines: planning across the holding structure, from operational to ownership level
Tax risk analysis and control: integrating tax considerations into overall group risk management
During the seminar, we will review practical exercises and discuss common mistakes. These mistakes can be avoided both at the company level by CFOs and chief accountants and at the owner level.
After completing the seminar, participants will receive:
A checklist for completing corporate tax returns
A checklist for identifying controlled transactions
Solutions and explanations for practical exercises discussed during the seminar
A clear understanding of key risks and issues in corporate tax planning and management
The first filing deadlines for corporate tax in the UAE are approaching:
Financial year starting June 1, 2024: deadline February 28, 2025
Financial year starting January 1, 2025: deadline September 30, 2025
Submitting your first corporate tax return is a critical milestone that affects your company’s future tax position and helps minimize potential fines and additional assessments.
Moreover, the tax return involves several related matters, such as transfer pricing controls, and relies on accurate IFRS reporting, which forms the basis for calculating taxable income.
According to Article 11 of Federal Decree-Law No. 47, corporate income tax applies to:
All UAE-resident legal entities (with certain exceptions) and, in some cases, non-residents
Certain individuals engaged in business activities
