UAE Corporate Tax Public Consultation Document
UAE Corporate Tax, Public Consultation document has been issued by the UAE MoF on the April 28, 2022, and it builds upon the design of the proposed UAE Corporate Tax structure. The last date to submit comments on the same is May 19, 2022
You can download the complete document from Here .
The public consultation document does not constitute the law but is only a proposed legislation . The UAE MoF has provided a participation link wherein stakeholders can submit there comments on MoF website “UAE Corporate Tax Public Consultation (mof.gov.ae)” which is open from April 28, 2022 to May 19, 2022.
The public consultation document, deals with the tax provision that propose to deal with the following categories : –
- Who all are Taxable person ?
- Basis of Taxation under the Proposed UAE Corporate Tax .
- Calculation of taxable income
- Formation of Tax Groups by entities with multiple companies in the UAE
- Transfer pricing
- Calculation of Corporate Tax Liability
- International tax developments
- Administration of UAE Corporate Tax, like filing of return, assessment, deposit of taxes etc.
Learn More about “UAE Corporate Tax” – Subscribe UAE Corporate Tax Course
The document consists of the following Sections . For more details on the Sections and downloading the presentation thereof, you can click on the respective topics : –
1. Introduction – UAE Corporate Tax
1.1 Purpose of this document
1.2 Making a submission
2. Policy drivers and principles – UAE Corporate Tax
2.1 Rationale for introducing a federal CT regime
2.2 Key principles
3. Taxable persons – UAE Corporate Tax
3.1 Natural persons – Taxation of Individuals under the UAE Corporate Tax Law
3.2 Legal persons
3.3 Exempt persons
3.4 Government and Government owned entities
3.5 Natural resources
3.6 Charities and Public Benefit Organisations
3.7 Investment funds
3.8 Taxation of Free Zones
4. Basis of taxation – UAE Corporate Tax
4.1 Residents
4.2 Non-residents
5. Calculation of taxable income – UAE Corporate Tax
5.1 Basis of calculating taxable income
5.2 Treatment of unrealised gains and losses
5.3 Exempt income
5.4 Expense deduction limitations
5.5 Tax Losses under UAE Corporate Tax
6. Groups – UAE Corporate Tax
6.1 Tax groups
6.2 Transfer of losses
6.3 Group relief
Learn More about “UAE Corporate Tax” – Subscribe UAE Corporate Tax Course
7. Transfer pricing – UAE Corporate Tax
7.1 Related Parties
7.2 Connected Persons
7.3 Arm’s length principle
7.4 Transfer pricing documentation requirements
8. Calculation of CT liability – UAE Corporate Tax
8.1 Applicable CT rates
8.2 Withholding tax
8.3 Calculation of UAE Corporate Tax
8.4 Tax Credits
9. International tax developments – UAE Corporate Tax
9.1 Background
9.2 How the UAE would reflect its commitment to Pillar Two in its domestic CT regime
9.3 Other international reporting obligations
10. Administration – UAE Corporate Tax
10.1 Registration and deregistration
10.2 Filing, payment and refund
10.3 Assessment
10.4 Clarifications
10.5 Documentation requirements
10.6 Transitional rules
Related Content
Learn More about “UAE Corporate Tax” – Subscribe UAE Corporate Tax Course
