UAE New Corporate Tax Regime- All You Need To Know

The UAE is to lift its tax-free status by introducing federal corporate tax for businesses that have a net annual profit of over AED 375,000. Emirates, which has already switched from Friday-Saturday weekends to Saturdays and Sundays, the latest move to introduce corporate tax is to align closer with global markets. 

The standard corporate tax rate for businesses that have a net annual profit over AED 375,000 will be 9% and a rate of 15% for multinational companies, which is in line with the Global minimum corporate tax rate agreement. While the tax rate is 0% for small businesses and start-ups with net annual profits under AED 375,000.

The corporate tax won’t apply on personal income from employment, real estate and other investments. The tax incentive will remain in place for UAE’s free-trade zone companies that don’t do business with the mainland. 

The new tax initiative is to reaffirm UAE’s commitment to meeting international standards for tax transparency and preventing harmful tax practises. Also, it is an effort to make the UAE - the cluster of 7 Emirates, with the most competitive corporate tax regime in the world. 

While there is enough time till June 2023 for the new taxation rule to come into effect, it is necessary for businesses to be knowledgeable and be prepared for the new corporate tax regime before December 2022. 

Get Started With A UAE Corporate Tax Short Course

As the UAE Ministry of Finance will introduce a corporate tax on business profits starting on or after June 1, 2023, businesses with profits of over AED375,000 will have to pay a standard statutory tax rate of 9 percent. Having thorough knowledge of the new corporate tax rules and practises will help medium and large businesses to avoid any corporate tax compliance violations. Edoxi Training Institute provides an 8 hours Corporate Tax Training for corporate businesses on the New UAE Corporate Tax regimes and practises. 

What is included in the UAE Corporate Tax Training?

At Edoxi Training Institute we have you covered on all that you need to do for preparing your business for the new corporate tax regime by the end of 2022. Our UAE Corporate Tax short course explores many salient sections of the UAE federal law on corporate tax. Here is what is covered in Edoxi’s UAE Corporate Tax course: 

  • Introduction to the UAE federal income taxation of corporations and their shareholders. 
  • Relevant provisions of the Internal Revenue Code, corporate tax filing requirements, and how to file corporate tax. 
  • Review the basics of tax law, which includes the origins of taxation, the three sources of tax law, the hierarchy of tax law, and judicial doctrines.
  • How to calculate corporate income tax liability and compute the corporate Alternative Minimum Tax (AMT). 
  • Various approaches to tax planning and ways to minimise the tax liability within the legal framework. 
  • Practical in-class study problems to facilitate self-discovery of technical tax knowledge along with the development of a variety of professional skills and attitudes.

Who Can Enrol In Edoxi’s Corporate Tax Training? 

This course is most appropriate for:

  • Professionals who want to gain detailed knowledge in corporate taxation and who may be at a mid-level position within an organisation with operational or supervisory responsibilities, or both.
  • Anyone in the audit department of a corporate business (with a profit margin of over AED375,000) who is interested in doing their own corporate tax returns online
  • Anyone who wants to learn more about corporate tax.

Why Choose Edoxi For Your Corporate Tax Training? 

Edoxi Training Institute is the top Institute for taking all types of professional training courses. With the new corporate tax applicable from 1st June 2023, Edoxi Training Institute as a corporate training center will help you with all you need to know about the corporate tax regime in the UAE. 

  • At Edoxi, we have professionally trained instructors who are also industrial experts in the UAE Tax laws, VAT and business laws. 
  • Our corporate tax course is intended to give an idea of the UAE Corporate Tax Planning (CIT). 
  • The course is divided into 6 units covered in 8 hours and includes various aspects of corporate income tax. 

Our New UAE Corporate Tax Training Course is designed in such a way that after successful completion of the course, businesses will be able to independently work on all the procedures needed to complete before the corporate tax comes into effect. Even if you are someone who is looking to concentrate your career also on the corporate tax area, our corporate tax training will help to master the procedure and management of the corporate taxation.

Upcoming Batches

27 MAY 2024
Time 07.00
Class Type Live Training
1 JUN 2024
Time 07.00
Class Type Live Training
5 JUN 2024
Time 07.00
Class Type Live Training

Course Advisor

Julie Archer

Chief Consultant Corporate Trainer

Julie Archer is a Corporate Training Professional with more than 15 years of experience in training and development. Hailing from Newcastle, United Kingdom, Ms. Archer established her authority in the field of corporate training and business skills development in the UAE and now with Edoxi Training Institute in Dubai. She has critical exposure in designing and delivering training programs for the top business organisations in Dubai. Her drive to transform employees and contribute to their company is the secret behind her excellence in this profession. To make a positive change in the lives of people is what she finds most fascinating about her job.

She enjoys the challenges that come with building a vibrant and efficient workforce. Her rich knowledge in the domain comes to the rescue when situations prove to be demanding. She commits much of her efforts to transforming education spaces into smart learning environments.

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