The Federal Tax Authority will be responsible for the administration, collection and enforcement of UAE CT.
Announcement
Announcement
As tax consultants in UAE, we provide services for UAE Corporate Tax in Dubai ( applicable for FY commencing on or after June 1, 2023), on all UAE businesses (companies, individual or other form of entities), certain foreign companies having Permanent Establishment/ UAE sourced income, amongst other. As a tax consultant in Dubai, we help you with the following based on draft UAE Corporate Tax law : –
UAE Corporate Tax Services – Starting AED 2,499/- only
For detailed services refer description given below or Contact us Today
Looking for customized UAE Corporate Tax training in Dubai? Gain a comprehensive understanding of UAE Corporate Tax regime, learn about deductible expenses and disallowances, and familiarize yourself with tax rules related to corporate tax returns. Ensure compliance, optimize your tax position, and develop the necessary skills to implement the UAE Corporate Law in your business. Contact us for tailored training solutions to meet your specific needs.
Changes in the international and UAE tax landscape affect your businesses' tax obligations. These changes include the introduction of the Corporate Tax in UAE, OECD’s BEPS Pillar 2, and Transfer Pricing regulations. The objective is to provide training to the tax and corporate professionals engaged in the industry on the evolving tax landscape which will enable expert support required for the business along with managing tax risks and effectively contributing to business strategy, from a tax perspective. The participants are expected to understand and appreciate the nuances of the recent updates on taxes and assess the impact on their business and tax obligations in the short term and long term.
• Corporate tax professionals and consultants
• Finance and accounting professionals
• Legal advisors and professionals
• Business owners and entrepreneurs
• Individuals involved in international business transactions in the UAE
Gain a basic understanding of the UAE Corporate Tax principles & taxation concepts. Key areas to be covered includes the following:
• Overview of UAE Corporate Tax Law
• Taxable and Exempt Persons
○ Determining who is a Taxable Person and Exempt Person
○ Administrative procedures to be exempt from UAE Corporate tax.
○ Categories of entities under ‘Exempt Person’
○ Calculation of Taxable Income (for certain income earned by Exempt Persons)
Taxable Income, Exempt Income, and deductible expenses
• Evaluation of Corporate Tax treatment on various revenue streams, considering provisions relating to Taxable Income and Exempt Income
• Deductibility of various expenses, under the UAE CT Law, especially with regard to prohibited expenses, and interest deduction limitation
• Tax impact on losses can be set off and carried forward prior to and after post introduction of corporate tax.
• Filing of Return of income
Related party transactions and Transfer pricing documentation
• Identification of Connected persons and Related parties and transactions with such parties.
• Transfer pricing benchmarking
• Deductibility of various expenses, under the UAE CT Law with respect to related party payments.
Basics of Corporate Tax Accounting
• Basics of Corporate Tax Planning
• Taxation of foreign income and foreign tax credit
• Tax treatment of foreign sourced income and ability to claim relief of overseas taxes against UAE Corporate Tax
• Tax implication on foreign branch income
Address the fundamental building blocks of those parts of domestic income tax systems that deal with cross-border investment and income flows. Key areas to be covered includes the following:
• Overview of International Bodies on Taxation
• Methods of relief against double taxation
• Key provisions and interpretation of UAE Tax Treaties with important trade partners such as the UK, USA, Singapore, India, Saudi Arabia
• Overview of trade partners' tax landscape and latest developments
• Global Minimum tax - BEPS pillar 2 and the impact on tax jurisdictions
Address the importance of transfer pricing, the legal framework, and the practical application of the arm's length principle by way of a value. Key areas to be covered includes the following:
• OECD and UN approach to transfer pricing
• TP rules in GCC and implementations status
• TP methods and compliance
• TP in the context of Customs legislation and withholding taxes.
• Legislative evolutions around TP
• Transfer Pricing and Business Restructuring
• Operational Transfer Pricing
We can customize our training plan to cover all or either of the following areas:
• Help enhance your overall awareness about the Corporate Tax Regulations, along with the latest updates and changes
• Managing deductible expenses/disallowances to minimize your Tax Liability and ensuring compliance with UAE Corporate Tax regulations
• Guidance on filing corporate tax returns under the UAE Corporate Tax regime
Join us for the UAE Corporate Tax Training and equip yourself with the knowledge and skills to navigate the intricacies of UAE corporate tax law effectively.
Welcome to Sorting Tax Advisory Services Private Limited, where we offer expert services in the sectors of income tax services through our experts. That's why we're here to help.
Our team of experienced tax professionals is dedicated to providing you with personalized service and expert guidance to help you navigate the ever-changing Income tax landscape. Whether you're an individual or a company owner, we have the expertise and resources to help you meet your income tax obligations and achieve your financial goals. So, let us take the burden of tax compliance off your shoulders, and help you stay focused on what you do best growing your business and advancing your career.
Our income tax services are designed to help individuals and businesses comply with tax laws and regulations while ascertaining right tax liability.
Our experienced team of tax professionals will work with you to ensure that you meet all your tax obligations.
We understand that navigating the complex world of different taxes like Income Tax, International Tax Services, UAE Corporate Tax and Mergers & Acquisition Tax Services, can be a challenging task for busy professionals.
Welcome to Sorting Tax Advisory Services Private Limited, where we offer expert services in the sectors of International Tax Services. We understand that navigating the complexities of international tax laws can be challenging for businesses and individuals alike, and that's why our team of experienced professionals is here to help. With our comprehensive knowledge of international tax regulations, we can provide tailored solutions to help you optimize your tax planning, ascertaining right tax liabilities, and ensure compliance with all relevant laws and regulations. Whether you're an individual with international assets, an expatriate living abroad, or a business with cross-border operations, we have the expertise and resources to help you achieve your tax objectives. So, whether you need assistance with tax planning, compliance, or dispute resolution, we are here to provide you with the highest level of service and support. As the world becomes increasingly interconnected, international tax has become a critical component of financial management for businesses operating across borders. Our international tax experts can help you navigate the complexities of cross-border tax laws and optimize your global tax strategy. We also provide income tax services, UAE Corporate Tax, and Mergers & Acquisition Tax Services through our experts.
At Sorting Tax Advisory Services Private Limited, our team of experts provides specialized services in the field of UAE Corporate tax and, International Tax Services. We recognize that managing the complex structure of newly inserted UAE Corporate Tax can be a daunting task for busy professionals. We offer our expertise to assist you in navigating this complex world of taxes. We are here to provide our assistance. We offer corporate tax services tailored specifically to meet the needs of businesses operating in the United Arab Emirates (UAE). We understand the importance of compliance and ascertaining the right tax liabilities in today's fast-paced business environment. With our team of tax experts, we offer comprehensive tax solutions that are designed to help businesses navigate the complex tax laws in the UAE and ascertaining right tax liability. Whether you are a small business owner or a large multinational corporation, we can help you stay compliant and optimize your tax position in the UAE by managing the tax compliance for you. The UAE has a rapidly evolving tax system, with new laws and regulations being introduced on a regular basis. Our team of experts can help you stay compliant with local tax laws and regulations, while ascertaining right tax liability.
Sorting Tax Advisory Services Private Limited is a firm of specialized experts in the field of Mergers & Acquisition Tax Services. Hence, we extend our professional assistance to help you navigate through the complexities of tax compliance. Here we are committed to providing you with the necessary guidance and support to meet your tax compliance requirements. We provide comprehensive tax services for mergers and acquisitions. Mergers and acquisitions are complex transactions that require careful planning and execution to ensure maximum value and ascertaining right tax liability. Our team of experienced tax professionals dedicatedly provides expert guidance and assistance throughout the entire M&A process, from due diligence to post-transaction integration. We understand that every M&A transaction is unique and requires a tailored approach to tax planning and compliance. With our in-depth knowledge of tax laws and regulations, we can help our clients navigate the complexities of M&A taxation and achieve their goals.
Mergers and acquisitions can be complex and challenging transactions. Our team of M&A experts can provide:-
| • Corporate Structuring | • Inbound Investment |
| • Outbound Investment | • Succession Planning |
| • Post Transaction Services | • Foreign Direct Investment |
We also provide specialized services in different sectors of taxation including income tax services, International Tax Services, UAE Corporate Tax.
UAE Corporate Taxation and compliance services
Currently, there is no Federal CT regime in the UAE, except , Corporate Tax (CT) on oil and gas companies and branches of foreign banks at an Emirate level. UAE Corporate Tax is proposed to be levied from June 1, 2023, at the rate of 9% on net profit after certain adjustments on income above AED 375,000 . The tax is applicable to business and commercial activities in the UAE, carried out by an person, domestic or foreign. However, other income of individuals like rent, interest, dividend and employment are exempt from tax . UAE Corporate Tax has been introduced to meet global minimum effective tax rate concept proposed by Pillar II of the OECD BEPS
The UAE has introduced Economic Substance Regulations (ESR) effective from 1 January 2019. Under ESR provisions, UAE entities (both Mainland , FreeZone and branches of foreign companies ) carrying out certain specified activities, like distribution, services to foreign affiliates, earning interest income, Holding companies, Leasing activities, are required to maintain economic substance in respect of each relevant activity in the UAE. The entity has to comply with annual filing of ESR, and non-compliance may results in penalties from AED 20,000 to AED 70,000 per annum. Contact us today for ESR compliance of your entities.
Every business subject to Corporate Income Tax in UAE has to register with the FTA within the prescribed period. Further, business which cease to exist have to make an application for deregistration. Once the law is introduced, our team can assist you with registration and de-registration under the UAE Corporate Tax law.
As a UAE CT advisor, we can assist you in UAE Corporate Tax compliance such as:
Sorting Tax’s team works closely with you to understand the fact pattern and provide customized solutions on Dubai Corporate Income Tax to cater to your specific needs. Our UAE CT consultant plans work to meet deadlines and minimise any penalties on you for non compliance with statutory requirements . We take care of your taxes, while you focus and grow your business.
Introduction to Participation Exemption The UAE has introduced a new
The update regarding UAE Corporate Tax's Transitional Rules lists the
Introduction to Accounting Standards The United Arab Emirates (UAE) has
Introduction to clubbing of income from gift Clubbing of income
Introduction to Participation Exemption The UAE has introduced a new
The update regarding UAE Corporate Tax's Transitional Rules lists the
Introduction to Accounting Standards The United Arab Emirates (UAE) has
Introduction to clubbing of income from gift Clubbing of income
The Federal Tax Authority will be responsible for the administration, collection and enforcement of UAE CT.
Every business subject to Corporate Tax in Dubai have to mandatorily register with the FTA within the prescribed period.
Corporate Income Tax Dubai is proposed to be levied from June 1, 2023, on the profits and gains of business carried out in Dubai by the non-resident as well as the resident of Dubai.
The Corporate Tax in Dubai (UAE) will be levied at the rate of 9% on the net profit or loss after certain adjustments and deductions , on income above AED 375,000.
Dubai capital gains is chargeable to tax at the rate of 0%. This is both for the resident shareholders of UAE , as well as NR shareholders and foreign companies , who invest into capital assets in the UAE, in respect of the following capital assets :
Free Zone companies in UAE would be exempt from UAE corporate tax on their taxable profits, if they meet the condition specified by their respective Free Zones and do not do carry out business with mainland entities.
The Federal Tax Authority will be responsible for the administration, collection and enforcement of UAE CT.
Only Licensees and Exempt Licensees that undertake a Relevant Activity (irrespective of whether the Licensee or exempt Licensee has earned income from the Relevant Activity during the financial period) with a financial year commencing on or after 1 January 2019 and ending on or before 31 December XXXX are required to submit an ES Notification by not later than six months after the last day of the end of each FY.
The Regulations of filing of ES Notification or Report apply to Licensees that carry out any one or more of the following Relevant Activities.
If an entity is carrying out any of the relevant activity specified under ESR regulations, it is required to undertake the following compliances :
We have satisfied customers who continue to patron us for new business. We are regularly providing impact analysis of UAE Corporate tax to our clients.
As an International Tax Consultants, we provide services for FDI, Inbound & Outbound Investment and Transfer Pricing
We provide services for Income Tax Return filing, Tax Audit & Transfer Price, Taxation and Compliances, Income Tax Assessment
We enhance your corporate value by providing professional advice for M&A, foreign investment and corporate restructuring
© 2023 Sorting Tax All rights reserved
