UAE Corporate Tax Training

About the Course

UAE To Introduce Corporate Tax Rate From 2023

On 8th October 2021, the United Arab Emirates (“UAE”) (amongst 137 countries) agreed to implement the OECD’s Two-Pillar approach to reform its International Tax Framework and to implement a minimum Corporate Tax rate starting 2023.

Following this development, on 31 January 2022, the Ministry of Finance of the UAE announced the introduction of a Federal Corporate Tax regime on business profits effective for Financial Years starting on or after 1 June 2023.

Corporate Tax in UAE is a form of direct tax levied on the net income or profit of corporations and other businesses. Going forward, licensees operating in UAE will be required to assess the impact of the upcoming regulations to their business and undertake the necessary compliance. On this note, the UAE Tax Authorities have already stated that non-compliance will translate to crippling penalties.

Who needs this course:

Business owners, Business partners, Accountants, management consultants, Auditors, managers, Lawyers etc.

Course coverage:

  • Basic General description of What is corporate tax??
  • Overview of Corporate tax in USA, UK, European union & Asia.
  • Corporate tax implementation in UAE (FTA)
  • Overview of UAE Corporate Tax Regime
  • Who all are taxable person in UAE?
  • Taxation of Natural Person and Private Trust.
  • Taxation of Natural Person and Private Trust.
  • Taxable Person MCQs & Case study.
  • Legal Person – Domestic and Foreign.
  • Foreign company – Deemed UAE resident – Conditions.
  • Transparent entities under UAE corporate tax.
  • Domestic and Foreign Partnership Firms.
  • Fiscally transparent entities under UAE Corporate Tax.
  • UAE Corporate Tax on Partnership Companies.
  • Legal Person MCQs & Case studies.
  • Charities and public benefit organizations – Entities Covered and Eligibility for Exemption.
  • Investment Funds – Coverage under Corporate Tax, Case Study and Conditions to claim exemption.
  • UAE Free zone – Taxation and Exemption from corporate tax.
  • Taxation of Passive income of Free zone entities with no Mainland Branch.
  • UAE Free zone entities – Nonexempt, non-mainland branch income.
  • UAE Free zone entities – Taxability of transaction with mainland group company.
  • UAE Free zone entities – Sale of goods/ services overseas customers.
  • UAE Free zone entities – Income from mainland group company.
  • UAE Free zone entities – Nonexempt, non-mainland branch income.
  • Other provisions for UAE Free Zone Entity.
  • Free Zone Entities MCQs & Case study.
  • Basis of Taxation of Natural Person, Legal Entity and a Foreign Company.
  • Taxability of income of Non – resident.
  • UAE Sourced Income – Meaning and Types.
  • UAE sourced income – Income earned from a UAE resident person.
  • UAE sourced income – Payment attributable to UAE PE of a foreign company.
  • UAE sourced income – Activities or contracts performed in the UAE.
  • UAE sourced income – Assets located in the UAE.
  • UAE sourced income – Rights used for economic purposes in the UAE.
  • Basis of Taxation MCQs & Case study.
  • Permanent establishment   – Meaning, Test, Criteria for UAE PE.
  • Permanent establishment – Fixed place of business PE.
  • Permanent establishment – Dépendent Agent PE.
  • Investment Manager PE – Exemption.
  • Permanent Establishment MCQs & Case study.
  • Registration and Deregistration under UAE Corporate Tax.
  • Filing, payment of taxes and refund.
  • Assessment procedure, assessment order and appeal.
  • Advance ruling and Clarifications from FTA under UAE Corporate Tax.
  • Documentation to be maintained for Corporate Tax.
  • Audit requirement – Mandatory or optional under UAE Corporate Tax.
  • Transition rules – Preparation of Audited Financial Statement on Start Date.
  • Administration of UAE corporate tax MCQs & Case study.
  • Computing Taxable Income under UAE Corporate Tax Law.
  • Taxation of Unrealized Gains or Losses.
  • Exempt Income – Received from Domestic Company and Foreign Company.
  • Limitation of Deduction of Interest.
  • Non-deductible expenses.
  • Computing Taxable Income under UAE Corporate Tax Law – MCQs.
  • Tax Losses – Carry Forward and Set off.
  • Tax losses MCQ & Case study.
  • Tax groups under UAE Corporate Tax.
  • Forming Tax Groups in the UAE Corporate Tax.
  • Transfer of Tax Losses to group companies under UAE Corporate Tax.
  • Tax Groups MCQs.
  • Group Relief.
  • Relief from Corporate Tax on Transfer of Business / Assets and Liabilities.
  • Transfer Pricing.
  • Related Party – Who all are covered?
  • Connected Person – Who all are covered?
  • MCQ’s & Case study.

ECONOMIC SUBSTANCE REGULATIONS

  • Economic Substance
  • Regulations – Introduction and Timeline.
  • Who all are covered under ESR?
  • Exempt Entities under ESR Regulations.
  • Relevant Activities under ESR.
  • Relevant Activity – Distribution Business.
  • Relevant Activity – Service Centre Business.
  • Relevant Activity – Holding Company Business.
  • Relevant Activity – Headquarter Business.
  • Relevant Activity – Shipping Business.
  • Relevant Activity – Lease Finance Business
  • Investment Funds.
  • Relevant Activity – High Risk Intellectual Property Business.
  • Economic Substance Tests to be met by business.
  • Penalties under UAE ESR Regulations.
  • MCQ & Case study for Comprehensive explanation.
  • Networking & FAQ.

Duration: 2 days x 6 hours

CDCS (Certificate for Credit Documentary Specialists)

As a trade finance professional, you understand the importance of documentary credits and the need to ensure that all parties adhere to the international guidelines.
CDCS will improve your knowledge and understanding of the complex issues associated with documentary credit best practice. You’ll learn to:
•Understand documentary credits – the products, parties, processes and rules that underpin documentary credit transactions
•Identify documentary credit risks, breaches and irregularities
•Manage documentary credit transactions
•Apply knowledge of processes, ICC rules and trade terms.
CDCS is a globally recognized standard of competence, which we created with industry experts and manage in partnership with the International Chamber of Commerce (ICC).

Who needs this course:
It is the best certification for Trade Finance Practitioners and it is considered to be the benchmark for them. It will help to track the complex issues of the world of Documentary credits.
It is highly recommended for professionals working in-
1.Import Export documentation
2.Different types of LC
3.Methods of payments in international trading
4.Banks
5.Trade Finance Professionals
6.International trade
7.Letter of Credit
8.Inco terms
9.Standby LC
10.Bank to bank reimbursement

Course content
Principles and Practices of Documentary Credit Transactions (PDT)
1.Documentary credits -types, characteristics and uses, including standby credits
2.Rules and trade terms, including UCP 600, ISP98, ISBP745, Incoterms 2020 and URR 725
3.Parties to document credit transactions and their roles and obligations
4.Types and methods of payment and credit used in documentary credit transactions, including the concept of autonomy
5.Types of transport, commercial and financial documents used in documentary credit transactions
6.Risk issues including types of risks, control and possible mitigations
7.Related products, including letters of indemnity, airway releases and steamship guarantees

Entry Requirements
There are no entry requirements to undertake the CDCS examination. However, it is strongly recommended that candidates have a minimum of three years of documentary credit experience. Membership in BAFT, The London Institute of Banking & Finance, or any other organization is not required.

Exam fee

  • Registration Fee: £615
  • Exam Re-sit Fee: £350
  • Recertification fee: £200

Exam Format:
You’ll be assessed in an exam that lasts three hours and 15 minutes. The examination is split into two sections:
•Section A – 60 multiple-choice questions
•Section B – ten multiple-choice questions and three document checking exercises
•You can book your exam at any designated test center around the world and will get your results within 24 hours.
•A total of 100 marks are available. The pass mark for the examination is 70% of the available marks; you must also achieve 60% of the marks available in section B to pass the qualification. The structure of the assessment ensures that all aspects of the course content are subject to external examination under strict examination conditions. Qualification grading the overall qualification will be graded Pass/ Distinction.

You must achieve a mark of 70% overall (and 60% for Section B). The qualification grade boundaries are as follows:

  • Pass: 70-94
  • Distinction 95-100

Exam body:

  • The London Institute of Banking and Finance
  • The certification will be endorsed by ICC and BAFT.

IATA AIRPORT RAMP SERVICES WITH IGOM

COURSE OVERVIEW

Airport ramp handling is a very sensitive job role which involves efficiently handling an aircraft on ground during turnaround. It involves specialized functions, such as cleaning the aircraft interior, servicing the toilet waste tanks and potable water tanks on aircraft, as well as loading the catering into the aircraft galleys.

This course is designed by IATA to familiarize learners with the many tasks that take place pre- and post-flight, and provide them with the foundation knowledge and skills on the processes that need to be followed by ground staff in order to turnaround an aircraft on the ground.

LEARNING OBJECTIVES

On course completion candidates will have the skills to:

  • The ground operations working environment

  • Standard ramp operations terminology

  • The departments of an airport and how they work together

  • Basic safety and security for efficient operations

  • Procedures for key aircraft ground servicing tasks

  • IATA Airport Handling Manual and IATA Ground Operations Manual standard

 

COURSE OUTLINE

  • Introduction to the airside environment and airport ramp services

  • Aircraft characteristics and turnaround plan

  • Cleaning, catering and other services

  • Ground service equipment

  • Standard operating procedures

  • Airside safety

  • Ramp security awareness

  • Future developments in the sector of ramp services

WHO SHOULD ATTEND

IATA Airport Ramp Services course is recommended for:

  • Anyone interested in pursuing a career with an airline or ground service provider

  • Recently recruited airline, airport and ground handling staff

EXAM INFORMATION

  • Online exam with remote supervision (OERS)

  • Total Number of Questions                                   : 100

  • Exam Format                                                              : Multiple Choice Questions

  • Duration                                                                       : 3 hours

  • Passing Grade                                                            : 60%

  • Distinction                                                                  : 90%

  • Number of exam Attempts                                   : 2

SOCIAL MEDIA STRATEGY FOR THE TRAVEL INDUSTRY – IATA

COURSE OVERVIEW

Social media is the most sought after marketing tool of modern era for both home-based travel agent and those who are working at a large travel agency. This certificate course by IATA will help learners how to define their marketing goals and target audience, create engaging content, determine social media marketing budget and promote their travel business. These informed decisions allows to focus your efforts on the right social media platforms and convert leads into sales. Learners will also explore how to create social media content that is consistent, meaningful, and reaches the desired audience across different platforms.

LEARNING OBJECTIVES

On course completion candidates will have the skills to:

  • Create a customized social media strategy

  • Differentiate between major social media channels such as Facebook, Instagram, LinkedIn, Twitter, Pinterest and YouTube

  • Create engaging content to market your products and services

  • Determine budget for your social media marketing activities

  • Interpret analytics to track social media marketing progress

COURSE OUTLINE

  • Step-by-step guidance to create a social media strategy

  • Creating your keywords and hashtags to be discoverable

  • Developing a branding guide to create brand awareness

  • Social media platform tips and best practices

  • Developing customized content

  • Analytics and ROI

WHO SHOULD ATTEND

IATA Social Media Strategy For The Travel Industry certificate course is recommended for:

  • Any individual who wishes to pursue a career in Aviation, Travel and Tourism sector

  • Students of travel and tourism courses

  • Independent and home-based travel agents

  • Agent working for small to large travel agencies

  • Tour operators

EXAM INFORMATION

  • Online exam with remote supervision (OERS)

  • Total Number of Questions                        : 10

  • Exam Format                                                   : Multiple Choice Questions

  • Duration                                                            : 30 Minutes

  • Passing Grade                                                  : 80%

  • Distinction                                                        : 90%

  • Number of exam Attempts                         : 2

 

IATA DESTINATION GEOGRAPHY

COURSE OVERVIEW

Today’s travelers have extensive knowledge about geography due to technological advancements. They expect their travel consultant to have more information and knowledge about travel geography than they do. Having updated knowledge and information about geography is mandatory for a travel consultant in order to satisfy the customers expectations . IATA Destination Geography certificate course will help learners to gain confidence in their ability to sell destinations, answer common questions asked by travel customers and provide valuable advice that customers are willing to pay for.

LEARNING OBJECTIVES

On course completion candidates will have the skills to:

  • Describe 12 types of leisure travelers

  • Characteristics of human populations on all continents including a model of the “World Village”

  • The world’s major mountains, oceans, seas, rivers and other bodies of water that attract visitors

  • Distinguishing between the terms “weather” and “climate” and their impact on destinations

  • How climate is affected by latitude, altitude, winds and proximity to water

  • A review of the 15 top countries visited by international travelers, highlighting practical country information and niche attractions and activities in a downloadable workbook provided as part of the course material

COURSE OUTLINE

  • Geography and the Travel Sales Process

  • Destination Geography and the Leisure Traveler

  • The World’s Continents

  • Human Population and the “World Village”

  • Major Natural Geographical Features

  • The Effect of Climate on Travel

  • Major World Tourist Destinations and Attractions

WHO SHOULD ATTEND

IATA Destination Geography certificate course is recommended for:

  • Any individual who wishes to pursue a career in Aviation, Travel and Tourism sector

  • Leisure and corporate travel agents

  • Tour operators and guides

  • Event and meeting planners

  • Corporate travel managers

EXAM INFORMATION

  • Online exam with remote supervision (OERS)

  • Total Number of Questions                        : 60

  • Exam Format                                                   : Multiple Choice Questions

  • Duration                                                            : 2 hours

  • Passing Grade                                                  : 70%

  • Distinction                                                        : 90%

  • Number of exam Attempts                         : 2

 

IATA GEOGRAPHY IN TRAVEL PLANNING

COURSE OVERVIEW

Geography is the most integral part of tourism as travelers take in to account the scenic routing, weather and climate , travel time, landscape and topography when choosing and finalizing a travel destination. A successful and efficient travel professional needs to understand the motive and interest of travelers while choosing their travel destinations. IATA Geography In Travel Planning certificate course helps learners to understand world geography and time zones to better advise clients on choosing their travel destinations and tour packages, and explore different regional modes of transport to offer the best suited customized travel itineraries and package holidays.

LEARNING OBJECTIVES

On course completion candidates will have the skills to:

  • Plan Travel Itineraries

  • Read maps using longitude and latitude

  • Use three-letter city and airport codes

  • Market and sell different types of geography based travel(physical, cultural and destination)

  • Understand different modes of transport around the world

COURSE OUTLINE

  • Marketing and selling geography based travel

  • Understanding and reading maps

  • Three-letter city codes

  • Currencies and currency codes

  • World time zones

  • Different modes of transport around the world

WHO SHOULD ATTEND

IATA Geography In Travel Planning certificate course is recommended for:

  • Travel counselors

  • Airline sales and service staff members

  • Tour Operators

  • Travel Agents

  • Any individual who wishes to pursue a career in Aviation, Travel & Tourism sector

EXAM INFORMATION

  • Online exam with remote supervision (OERS)

  • Total Number of Questions                        : 100

  • Exam Format                                                   : Multiple Choice Questions

  • Duration                                                            : 2 hours

  • Passing Grade                                                  : 70%

  • Distinction                                                        : 90%

  • Number of exam Attempts                         : 2

EmSAT TRAINING

EmSAT (Emirates Standardized Test) is a computer-adaptive standardized test for admissions to the
University or college in the United Arab Emirates. The main purpose of the EmSAT test is to assess
students’ skills and knowledge in the area of interest for higher studies in targeted subjects.

The EmSAT determines the extent to which a 12th-grade student is ready to study at the college or university level. This test provides the higher management with data for college admission and placement. It is a computer‐based exam where its test sections, questions, and options are randomized.Sections and subsections of the test are timed by the computer. Test-takers can see how much time they have throughout the ex.

Duration: 16 hours per subject + mock tests

EmSAT

Subjects

Exam content

Exam format

No of questions

Duration

Test score range

English

Grammar and Vocabular, Reading, |Essay Writing (250 words)

Multiple Choice, fill in the blanks, Drag and Drop, Essay, Reading and sentence re-ordering.

110 (including one essay)

135

minutes

300-2000

Maths

1.  Algebra

2.  Geometry

3.  Statistics

Computer adaptive with calculator permitted

40

90 minutes

500-2000

Physics

1.  Mechanics

2.  Waves and Optics

3.  Thermal Physics and Thermodynamics

4.  Electricity & Magnetism

5.  Modern Physics

Multiple Choice. Calculator is allowed

30

90 minutes

500-1500

Chemistry

1.  Matters and Its Properties

2.  Energy, Forces, and Conservations

Multiple Choice. Calculator is allowed

50

90 minutes

500-1500

Biology

1.  From molecules to living organisms: Structure and function

2.  Heredity and genetic technology

3.  Evolution and Diversity of Life

4.  Ecology: Interdependence, energy, and dynamics

Multiple Choice. Calculator is allowed

50

90 minutes

500-1500

Computer Science

Java, Python, C++

1.  Computing Systems

2.  Computing Networks

3.  Computational Thinking

4.  Programming and Problem Solving

5.  Impact of Computing

Multiple choice. Computer is allowed

100

(Each exam)

120 minutes (Each exam)

500-1500

(Each)

WORD PRESS TRAINING

COURSE DESCRIPTION 

WordPress is a free open-source blogging tool and content management system. WordPress can be  used to create a traditional blogging site; however, it can also be used to create a standard website for business or personal use. This course focuses on creating websites using WordPress. No previous experience is needed. This course is structured in a way to help all students, regardless of their experience, learn WordPress.

COURSE CONTENT:

Lesson 1: Introduction to WordPress
Lesson 2: Finding a Home for your WordPress Site
Lesson 3: Installing WordPress on Your Site
Lesson 4: Content Management using WordPress
Lesson 5: Selecting the Right Tools
Lesson 6: Image Formats
Lesson 7: Fonts and Colors
Lesson 8: Designing Your WordPress Site
Lesson 9: The WordPress Default Layout
Lesson 10: Themes and Templates
Lesson 11: More on Widgets and Template Tags
Lesson 12: Parent and Child Themes
Lesson 13: Creating a Custom Site
Lesson 14: Using WordPress as a Content Management System
Lesson 15: Using WordPress Plugins

WHY YOUROWN?

• Online and On-site classes
• 20 hours of practical hands-on training
• Experienced Web developers as Instructors
• Project based training
• Free webinars/seminars/workshops
• Free career Counselling
• Free Interview technique classes and CV writing Tips
• Free demo classes
• Approved Certificate from KHDA

LOOKING FOR CORPORATE TRAINING?

We design all of our programs to meet our client’s particular challenges by gaining an in-depth understanding of an organization’s culture and derive at most-suited delivery mechanisms – through collaborative customization

DIFC EMPLOYMENT LAW 2021

Part 1: GENERAL

1. Title and repeal
2. Legislative Authority
3. Purpose of this Law
4. Application of the Law
5. Date of enactment
6. Commencement
7. Schedules
8. Administration of the Law
9. The power of the DIFCA to make Regulations
& impose fines and penalties
10. Limitation Period 3

Part 2: HIRING EMPLOYEES

11. No waiver
12. No false representations
13. Hiring children
14. Right to a written contract
15. Itemised pay statements
16. Payroll records
17. Part-Time Employees & Short-Term Employees

Part 3: PROTECTION OF REMUNERATION

18. Paydays
19. Payments following termination
20. Deductions
21. Recruitment costs

Part 4: WORKING TIME AND LEAVE

22. Maximum weekly working time
23. Ramadan
24. Daily rest

25.Weekly rest period
26. Breaks
27. Vacation Leave
28. Compensation in lieu of Vacation Leave
29. Dates of Vacation Leave
30. Vacation Leave during rst year of employment
31. Entitlements under other provisions
32. Public Holidays and pay
33. Special Leave
34. Sick Leave
35. Sick Pay
36. Excessive Sick

Part 5: PARENTAL LEAVE AND RELATED RIGHTS

37. Maternity Leave
38. Maternity Pay
39. Paternity Leave and pay
40. Right to return to work

Part 6: TIME OFF WORK

41. Time off for ante-natal care & adoption proceedings
42. Remuneration for time off under Article 41

Part 7: EMPLOYER’S OBLIGATIONS

43. General duties of Employers
44. Health and safety
45. Ventilation
46. Temperature in indoor workplaces
47. Lighting
48. Cleanliness

49.Room dimensions and space
50. Workstations and seating
51. Sanitary conveniences
52. Drinking water
53. No penalties for preventing health and safety risks
54. Liability of Employers for an Employee’s conduct
55. Employment accidents and illnesses
56. Health insurance
57. Visas and permits

Part 8: EMPLOYEE’S OBLIGATIONS

58. General duties of Employees

Part 9: NON-DISCRIMINATION 21

59. Discrimination
60. Victimisation
61. Proceedings under Part 9

Part 10: TERMINATION OF EMPLOYMENT

62. Minimum notice periods
63. Termination for cause
64. Right to written statement of reasons
65. Pension for UAE and GCC nationals
66. Gratuity Payment and Qualifying Scheme Benefits

Part 11: GENERAL CONTRAVENTIONS

67. General contraventions
68. Administration of fines and penalties
69. Inspections and access to records
70. Liability of the DIFCA

COMPLIANCE CPD 48HOURS

PROGRAM FOR COMPLIANCE OFFICER (CPD)

48 SUBJECTS WILL BE COVERED IN 48 HOURS

1 Money Laudering Methods
2 The Three Stages of Money Laundering
3 Money Laundering Indicators
4 Terrorist Financing
5 The Egmont Group of Financial Units
6 Financial Institution Monay Laundering Methods & Vehicles
7 Non Financial Institution Monay Laundering Methods and Vehicles
8 Political Exposed Persons
9 The Role of Gate Keepers
10 Structure that Hide Beneficia Owner
11 The US Money Laundering Law
12 Understanding and Recognizing Fraud
13 Internal Fraud
14 Identity Theft and Fraud
15 Detecting and Preventing Fraud
16 Basel Committee on Banking Supervision
17 The World Management to Combat Corruption
18 Stolen Asset Recovery Initiative
19 FCPA USA
20 UK Bribery ACT
21 Bribery and Extortion
22 Tax Evasion and Tax Avoidness
23 Internation Scope of Tax Evasion
24 Flasifying Deductions to Under Report Income
25 Smuggling and Evasion of Custom Duty
26 Evasion of VAT and Sales Tax
27 USA FATCA
28 Repatriation of Assets
29 Liability of Third Parties
30 Civil and Common Law
31 Intelligence vs Evidence
32 Compliance Program
33 Correspondent Banking
34 Risk Assessment
35 Sanction Compliance
36 OFAC
37 STR System
38 Risk Based Approach
39 Customer on Boarding and Monitoring
40 Cyber Crimes
41 Ethics, Conflict of Interest
42 FATF
43 UN
44 Wolfsberg
45 Patriot Act
46 US Criminal Law
47 Conducting and Responding Investigations
48 MLAT, IMOLIN and FIU