Tag: Corporate Tax Training Jobs

Demand & Opportunities of certified UAE corporate tax professionals in 2024

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The UAE’s implementation of company tax has changed Dubai’s economic environment. Professionals in corporate tax have become essential in helping companies successfully manage this new regulatory landscape. Due to Dubai’s thriving economy and status as a major international commercial center, there is a huge demand for these qualified individuals.

All your need to know:

The Increasing Need for Qualified Tax Experts

Since corporation tax was implemented, companies of all sizes need professional advice to stay in compliance, make the most out of their tax plans, and pay as little tax as possible. As a result, there is now a noticeable need in Dubai for certified corporate tax specialists.

Increasing Complexity of Corporate Tax Regulations

Corporate tax regulations in the UAE are evolving rapidly.  Staying abreast of these changes requires ongoing education and expertise.  Certified tax professionals possess the in-depth knowledge and understanding needed to navigate the complexities of the UAE’s corporate tax system.

Expanding Businesses and Foreign Investments

Dubai’s thriving economy and attractive business environment continue to attract a surge of new businesses and foreign investments.  These businesses require support in understanding the UAE’s tax framework and developing compliant tax strategies.  This influx of new players further fuels the demand for skilled corporate tax professionals.

  • Growth in diverse industries: From technology startups to established multinationals, businesses across various sectors require corporate tax expertise.
  • Increased foreign investment: As foreign investments pour into Dubai, global companies need tax professionals who can bridge the gap between international tax practices and the UAE’s regulations.

Qualifications and Certifications for Corporate Tax Professionals

To excel in this field, individuals should possess a strong foundation in accounting, finance, and tax law.  Obtaining relevant certifications, such as the Certified Public Accountant (CPA) or the Certified Tax Advisor (CTA) qualification, demonstrates your commitment to the profession and provides a competitive edge.

Crucially, staying updated with the ever-evolving local tax laws and regulations is paramount for success. Regularly attending seminars, workshops, and subscribing to industry publications are essential for maintaining your knowledge base.

Opportunities for Corporate Tax Professionals in Dubai

The career paths for certified corporate tax professionals in Dubai are diverse and offer promising prospects.  Opportunities exist in both the public and private sectors:

  • Public Sector: Government agencies responsible for tax administration offer stable career paths for tax professionals.
  • Private Sector: Multinational corporations, accounting firms, and tax consulting firms require qualified professionals to manage complex tax matters for their clients.

Salary Trends and Compensation Packages

Salary trends for corporate tax professionals in Dubai are positive.  Compensation packages typically include a base salary, performance-based bonuses, and attractive benefits packages.  Factors like experience, qualifications, industry sector, and the size of the company can significantly influence salary levels.

Challenges Faced by Corporate Tax Professionals

Despite the promising outlook, corporate tax professionals face several challenges:

  • Keeping Up with Change: The dynamic nature of tax regulations necessitates continuous learning and adaptation.
  • Managing Client Expectations: Setting realistic expectations and ensuring clear communication with clients is crucial.
  • Dealing with Complex Tax Issues: Tax professionals often encounter complex scenarios requiring thorough analysis and creative solutions.

Developing Strategies for Success:

  • Embrace lifelong learning: Participate in professional development opportunities to stay ahead of the curve.
  • Develop strong communication skills: Effectively communicate tax complexities to clients in a clear and concise manner.
  • Sharpen analytical and problem-solving skills: Analyze tax issues objectively and develop creative solutions for clients.

Skills and Traits of Successful Corporate Tax Professionals

Beyond technical expertise, success in this field requires a specific skill set:

  • Strong analytical and problem-solving skills: Devise tax strategies and address intricate tax challenges.
  • Excellent communication and interpersonal skills: Clearly explain tax concepts to clients from diverse backgrounds.
  • Attention to detail and accuracy: Ensure meticulous compliance with tax regulations.
  • Ability to work independently and as part of a team: Manage time effectively and collaborate productively with clients and colleagues.

Professional Development and Networking Opportunities

Continuous learning and professional development are essential for success in this ever-evolving field. Participating in industry events, conferences, and professional associations like the Emirates Tax Professionals Association (ETPA) provide excellent opportunities to expand your knowledge base and network with fellow professionals.

The demand for certified corporate tax professionals in Dubai is booming.  With its strategic location, thriving economy, and increasing foreign investments, Dubai offers a perfect environment for qualified tax professionals to build rewarding careers.

As a leading institute for professional development -YourOwn Institute of Trading and professional development , offers comprehensive training programs tailored to equip individuals with the skills and knowledge to excel in the field of corporate tax.  Our programs are designed by industry experts and provide the perfect stepping stone for a successful career.     

Exploring Job Opportunities Post UAE Corporate Tax Training: Discover Your Potential Roles

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The UAE’s implementation of corporate tax is revolutionary for both people and businesses. There is an increase in demand for qualified professionals in a variety of professions due to the new tax laws. Congratulations if you’ve just finished your business tax training for the UAE! You’re going into a market that’s full with interesting prospects.

Why Opt for UAE Corporate Tax Training in Dubai ?

  • Become a professional that is in demand: Since corporate tax has been implemented, there is a large skills gap in the market, which makes qualified individuals extremely desirable.
  • Expand your professional horizons: Get access to a variety of career opportunities, including positions in management, compliance, and tax advice and analysis.
  • Increase your income potential: In the United Arab Emirates, tax professionals, especially those with specific talents, can fetch lucrative pay.
  • Make an impact on a thriving industry: Participate in determining how taxes are implemented in the UAE going forward and be a vital resource for companies that operate in this changing environment.

Why there is an increased demand  for expertise in UAE corporate taxation:

The UAE’s implementation of corporate tax has also opened up a wealth of opportunities for professionals with the necessary qualifications. The following explains the sharp rise in demand for UAE corporate tax expertise:

  • Unprecedented Skills Gap: Most professionals and enterprises today lack the specialized understanding and complexity of the new tax system. Because of this, there is a great need for qualified people who understand the complexities of the system.
  • Diversified Job responsibilities: There are many different job responsibilities within the corporate tax landscape, ranging from tax analysts and counselors to compliance professionals and management roles.
  • Competitive Salary: Pay increases are a result of the increased demand for qualified workers. In the UAE, tax professionals, particularly those with specific training and expertise, can earn high wages.
  • Dynamic Industry: Working in the field of taxation is fascinating and engaging because it is still developing in the United Arab Emirates. Professionals have the opportunity to influence and observe the continued evolution of taxation in the nation.
  • Supporting a Thriving Economy: Tax professionals are essential to the growth and stability of the UAE’s economy since they guide firms through the new tax structure. This gives their labor a deeper meaning.

Overview of YourOwn Institute’s UAE Corporate Tax Training in Dubai:

  • Comprehensive: Covers all key aspects of the UAE corporate tax system, including tax base, exemptions, compliance procedures, and international tax considerations.
  • Expert-led: Delivered by seasoned professionals with extensive practical experience in the UAE tax environment.
  • Practical focus: Develop practical skills through real-world case studies and application-oriented learning activities.
  • Convenient: Choose from in-person or online learning options to suit your preferences and schedule.

Explore Your Diverse Career Options:

  1. Tax Consultant or Advisor: Guide businesses through complex tax matters, advising on strategy, planning, and compliance. The role Utilizes your expertise to help clients minimize tax liabilities and maximize profitability.The role calls for in-depth knowledge of specific industries like real estate, oil & gas, or financial services to cater to niche markets.
  2. Corporate Tax Analyst: Perform in-depth analysis of financial data to calculate taxable income, prepare tax returns, and ensure compliance with regulations.And  Develop proficiency in using tax software and interpreting complex tax legislation.A keen eye for accuracy and a meticulous approach are essential for this role.
  3. Tax Compliance Specialist: Ensure your organization adheres to all tax regulations by managing filing deadlines, preparing reports, and liaising with tax authorities.The role requires to manage multiple tasks efficiently and meet deadlines consistently.
  4. Tax Manager or Director: Lead and oversee a team of tax professionals, providing strategic direction and ensuring optimal tax management for your organization.The role requires to Analyze complex tax matters and develop effective strategies to minimize tax burdens.
  5. In-House Tax Counsel: Apply your legal expertise to advise your company on tax matters, manage tax disputes, and ensure compliance with tax laws.The role requires a strong understanding of both tax legislation and legal principles.
  6.  Industry-Specific Roles: Leverage your tax expertise and industry knowledge to specialize in sectors like healthcare, construction, or technology.

Beyond Technical Proficiency:

Although having technical expertise is essential, being successful in the tax industry also depends on below skills too:

  • Communication: Explain intricate tax ideas to a range of audiences in a simple and succinct manner.
  • Analytical thinking: Examine financial information and correctly understand tax laws.
  • Solving problems: Come up with innovative answers to the intricate tax issues that companies encounter.
  • Adaptability: Keep up with changing business trends and tax laws.

Invest in your future by acquiring the knowledge and skills needed to thrive in the UAE’s dynamic corporate tax environment. YourOwn Institute’s UAE training course in Dubai provides you with the tools and support you need to excel in this exciting field. Enroll today and unlock your career potential!

UAE Corporate Tax 2023 — A Complete Guide

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There is a myth about UAE ‘There is no Tax in UAE’, like a myth, the saying is not true, just because without taxation a Government cannot function. UAE does not impose income tax in most sectors but the tax levied is more than 50% on oil business and for entertainment also tax is high. Dubai charges more than 10% for hotel services and also service tax is high on Restaurant bills.

Moreover, the import duties on certain goods that are odd in Islamic law are also taxed high. It is through this exorbitant tax on certain products and services, the majority of people are made income tax-free.

In 2018, the United Arab Emirates for the first time enacted a VAT tax, which levied a 5% surcharge on all consumer purchases. The government then declared in January 2022 that a 9% corporate tax would go into effect the following year.

What is the 2023 Corporate Tax?

Corporate tax is a direct tax imposed on net income or profit from the business. The UAE corporate Tax came into effect on June 1st, 2023. UAE’s corporate tax will be 9% on the profits of businesses above 375000 AED and businesses less than that have to pay 0% tax.

Objectives of UAE Corporate Tax 2023:

  • By introducing the CT, the UAE aims to cement its position as a leading global hub for business and investment
  • accelerate its development and transformation to achieve its strategic objectives·  
  • reaffirm its commitment to meeting international standards for tax transparency and preventing harmful tax practices.

Exempted from Taxation

  • Businesses engaged in natural resources extraction are exempted from Corporate Taxation and they have to continue the existing taxation
  • CT won’t be applicable to dividends or capital gains that a UAE company makes from its qualifying shareholdings.
  • Qualifying intra-group transactions and reorganizations will not be subject to CT.

Impact on businesses operating in the UAE

  • The new tax intends to increase UAE the share of the non-oil revenue budget
  • Will increase the revenue base of the country, it can also become a key player in international business by adhering to international standards.
  • The change in taxation policy cab enhance financial growth and ensure sustainable growth
  • It is a futuristic step towards business credibility.

Calculation

The calculation of CT is based on net profit or loss. In the event of a business loss, up to 75% of the value could be deducted from future years’ taxable income.

Elevating Your Corporate Tax Knowledge in the UAE with Our Training Program

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The UAE is all set to introduce a corporate tax on businesses with effect from 01 June 2023. Aimed at strengthening the economic structure of the country, all the business entities that earn a profit of AED 3,75,000 or more should pay tax at the rate of 9%. In the case of multinational companies, the rate of corporate tax is 15%.

Companies are seeking knowledgeable professionals for implementing the new tax regulations. Professionals with UAE corporate tax training in Dubai can expect great career prospects in the present scenario. Joining Your Own Academy for corporate tax training would be beneficial if you are looking for a career in the finance and tax sector.

We have given a brief about the UAE corporate tax training in Dubai, in this article. Those interested to join the course may give us a call. To obtain further details regarding the course, including the course schedule.

Who All Can Join UAE Corporate Tax Training in Dubai?

Personnel aspiring to join the financial sector may opt for corporate tax training. The qualification would be an added advantage while applying for jobs. Further, better career growth can be expected with the additional knowledge and skills you have.

The following professionals may join UAE corporate tax training in Dubai and elevate their corporate tax knowledge, as well as, gain an upper hand over the others from the profession:

  • Professionals working in the finance department of business firms.
  • Mid-level supervisory or managerial staff from the financial sector.
  • Personnel working in the audit department of companies that fall into the corporate tax regime.
  • Individuals aspiring to take up a career in the financial sector.

Even if you do not belong to any of the groups above, but want to join the course, you are most welcome. It would improve your knowledge regarding UAE corporate tax, which would be of great benefit if you plan to take up this career in the future.

Topics Covered in UAE Corporate Tax Training in Dubai

The UAE corporate tax training at Your Own, Dubai covers all the relevant aspects, including regulations and policies. The individual would be knowledgeable and efficient to handle the entire corporate tax requirements post the course.

The topics covered in UAE corporate tax training include:

  • Introduction to taxation, tax regimes, and tax-related policies.
  • Objectives of UAE corporate tax and relevant factors.
  • Scope of corporate tax.
  • Functionalities and authority of the Federal Tax Authority (FTA) in the UAE.
  • How to file UAE corporate tax returns.
  • How to evaluate the tax liability
  • Computation of Alternative Minimum tax (AMT).
  • Judicial aspects of UAE corporate tax and related regulations.
  • Methods to limit tax liability and save on tax optimally exploring the legal means.
  • Practical sessions and tests to cement the concept into the candidate’s mind, besides enhancing the skills.

Why Your Own for UAE Corporate Tax Training in Dubai?

Your Own has been the top academy offering different professional courses and training. Our UAE corporate tax training in Dubai follows a formulated coaching process. The features that make us the best coaching institute in Dubai include:

  • Systematic training program derived after a diligent study.
  • Experts with years of experience in the field for teaching each subject.
  • A comprehensive coaching program that would help the students and professionals understand everything about the UAE corporate tax.
  • Practical sessions to enhance confidence and train students on different scenarios.
  • The personnel will be able to shoulder higher responsibilities subsequent to the course. Paving the way for career growth for them.

The candidates will be capable of handling everything related to corporate tax post successful completion of the course. We are proud to have provided UAE corporate tax training in Dubai for professionals from leading firms, multinational companies, and commercial enterprises.

You may get in touch with us for joining the next batch of UAE corporate tax training in Dubai. For more info, call us now.

5 things to know about UAE corporate tax

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The UAE is all set to commence the corporate tax system with effect from 01st June 2023. The orders in this regard have already been promulgated. Further, the systems for monitoring, calculating, and analyzing corporate tax collection are being established across the board. Every change in the socioeconomic environment brings new opportunities. Successful are those, who can identify the change coming and act accordingly. In line with the expected rise in job prospects, aspirants have been joining UAE corporate tax training in Dubai since the announcement of the UAE corporate tax.

Note that, the UAE is not the first country to introduce the corporate tax, but the 4th one it is. The 9% corporate tax is expected to strengthen the economy of the country and maintain the fiscal condition in the coming times

There are a few basic questions that every business person, start-up owner, and the person thinking to establish a business in UAE has been asking. This blog would help aid in getting a clear idea about the UAE corporate tax concept. We suggest you join UAE corporate tax training in Dubai, to use the new tax regime to your benefit.

The five (05) things to know about UAE corporate tax are elaborated on here.

1. What is the UAE corporate tax?

UAE corporate tax is a direct tax on profit-making organizations and businesses. It is also called a business profit tax. Companies in the UAE have to pay 9% of their net profit as UAE corporate tax in every fiscal. At the same time, the subject tax is applicable to businesses that earn a net profit of AED 3, 75,000 and above only. The CT is scheduled to commence on 01st Jun 2023.

2. What is the law governing corporate tax in UAE?

The Federal Decree-Law No. 47 of 2022 stipulates the regulations regarding corporate tax. The policies and specific directives as per the subject law were publicized on 09 December 2020. It is also available on the official website of the Ministry of Finance of the UAE. People wanting to know more about the tax regulations according to CT can download and go through it. The UAE corporate tax training in Dubai would cover all the aspects concerning the said tax.

3. Is the UAE corporate tax binding on all businesses in the country?

No, the UAE corporate tax is not a carpet regulation that has to be followed by all businesses in the country. The threshold for the net profit is AED 375000 annually. Only those businesses that receive a profit of AED 375k or above need to pay the tax. Even then, the following exemptions are there:

  • No corporate tax for individual earnings, even if it is from trading or business.
  • Ex-pat investors not involved in business in the UAE do not have to pay corporate tax.

4. How much is the corporate tax in UAE for free zone companies?

The corporate tax incentives offered to free zone companies will continue after 01st June 2023 as well. It is an advantageous thing for businesses in the free zone jurisdiction.

5. Are capital gains and dividends from shares subject to corporate tax?

No, there is no corporate tax for capital gains and dividends from shareholdings in companies. Even if the dividend or capital gain is credited to the business’s account, the same is exempted from corporate tax.

The Tail End

Even though the authorities have clearly promulgated the regulations and policies regarding UAE corporate tax, still ambiguities exist concerning many elements of the law. It would require in-depth study and analysis for people to understand how CT works and which way they can reduce the liabilities. UAE Corporate Tax Training in Dubai covers all these concepts comprehensively. Therefore, the training is useful for both corporates and job seekers.

UAE Corporate Tax Certification Course – Know more about the Opportunities

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The world is undergoing a massive transformation, and so is the UAE. Aligning itself with the global business and investment sectors, the UAE is introducing a corporate tax. This new tax regime is scheduled to come into effect from 01 June 2023 or after that. System amendment, tax procedure, etc. should be finalized well before that. Post the subject date all the businesses that have a net annual profit of above AED 3,75,000 will have to pay the corporate tax. The corporate tax rate is planned to be 9%.

Although this is going to dent the profit earned by businesses in UAE, it is going to open up a career possibility for aspirants from the field. Since it is a newly introduced tax program, career probability is going to be high. Even if you lack an idea about taxation, laws regulating taxes, processes of tax filing, etc, you can join Your Own to learn about it. We offer comprehensive UAE corporate tax training in Dubai that begins from the basics.

Our faculties comprise experts from the tax and finance sector with exhaustive knowledge and experience. Learning under their guidance is going to be highly productive. It would make you capable to calculate and process corporate tax and undertake related formalities. With the relevant qualification, you can expect a job in the corporate sector as well.

Who can Benefit from the UAE Corporate Tax Training in Dubai?

The UAE corporate tax training in Dubai would be of utmost benefit to all the higher

echelons, management teams, and financial experts. You must join the course if you are:

  •   A financial professional with a company
  • Working as a service freelancer in the tax sector
  •  Professionals involved in direct and indirect tax
  •  Candidates looking for career opportunities in the tax sector
  •  Financial advisors to management, and directorial boards of companies

Our UAE Corporate Tax Training in Dubai

Your Own has been providing methodically designed courses relevant to different sectors. We already have launched a comprehensively formulated UAE corporate tax training in Dubai. The course at our institute comprises:

  •  Introduction to federal laws governing the taxation of businesses and corporate entities
  •  Classes in the Internal Revenue Code
  •  Topics on how to file corporate tax, what are the corporate tax filing requirements, etc
  • Basics, taxation origin and evolution, the hierarchy of tax regulations, and all the related sessions
  • Lessons and practice on Alternative Minimum Tax (AMT) and calculation of corporate tax, with practical sessions on corporate tax filing
  • Methods for minimizing tax liability, using the provisions in the tax laws
  •  All the associated topics that would help you become a confident and successful employee in the field
  • You may connect with us to know more about the UAE corporate tax training in Dubai by Your Own.

Why Choose Your Own?

Your Own is the right institution for learning about taxation and related aspects. Our UAE corporate tax training in Dubai consists of topics prepared by experts from the field. We endeavor to infuse in-depth knowledge on the subject we teach. To enable the aspirant to join the best firm and take up higher responsibilities confidently.

The successful alumni of Your Own itself are the evidence that states the quality of our training and teaching. Be the frontrunner in the race to grab a well-paid job in the tax sector by joining UAE corporate tax training course at Your Own. Approved as a genuine academy, certifications from us have a distinctive value wherever you go in the UAE. After all, the efficacy of teaching and practical training would reflect in the performance of the employee.

For more info on UAE corporate tax training in Dubai and joining, call us now.

How Your Own become the best UAE Corporate Tax Training provider in Dubai?

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Tax is the main component of every economy. Governments undertake development activities, social services, infrastructure development, welfare activities, and other general-purpose tasks with the tax. Having a pivotal role in the financial status of the country, nations follow exclusively designed tax regulations.

Tax regulations, laws, and policies form the structure that defines the tax to be paid by entities and individuals. Invariably the tax laws in almost all countries are intricate in nature. Requiring specialists to handle all the calculations and determine the right amount due to the government.

A wrong calculation will lead to the individual or the firm paying extra, causing a dent in the money earned/ profit. Filing less than what is to be paid will invite disciplinary actions and financial penalties. That is why personnel trained on corporate tax evaluations are vital.

Your Own offers comprehensive corporate training in Dubai. We have been known as the best one among the UAE corporate tax training providers. Your Own has a bunch of tax experts, who have expertise in all the regulations related to corporate tax. They provide extensive training, guidance, and coaching for the students to undertake the task efficiently.

Who All Can Take Corporate Tax Training?

For that matter, anyone interested in learning about the corporate tax structure and the calculation methods can join corporate tax training. Additionally, youngsters planning to seek a career in the tax sector may opt for UAE corporate tax training. We suggest the following professionals join corporate tax training in Dubai:

  • Tax professionals
  • Financial controllers of firms
  • Auditors
  • Cost accountants
  • Financial advisors
  • Management accountant
  • Finance professionals

The curriculum of UAE Corporate Tax Training at Your Own

We have formulated systematic coaching for corporate tax training in Dubai. The teaching and training process helps the students to understand the basic corporate tax rules, tax regimes, tax calculations, corporate tax evaluations, etc. The classes will have:

  • Basic introduction that would educate the students about the federal laws governing corporate tax and tax calculation processes.
  • Corporate tax filing process, including the documents required, provisions of the revenue code, and how to go ahead with filing the tax
  • Comprehensive teaching of tax laws, their judicial aspects, elaborate explanations of how corporate tax laws were prepared, etc
  • Corporate tax planning processes. With an aim to help the corporates save money by reducing tax liabilities
  • Lessons on Alternative Minimum Tax and other important topics
  • Practical sessions including problem-solving related to corporate tax. To cement the concept of corporate tax into the students’ minds. This helps in enhancing confidence in corporate tax calculation as well.

We became the best UAE corporate tax training provider in Dubai by maintaining this meticulous teaching process properly. 

Factors that Make Us the Best in UAE Corporate Tax Training in Dubai

Your Own provides comprehensive coaching and classes on varying fields including corporate tax in UAE. The reasons that made us the best in UAE corporate tax training are:

  • Your Own provides comprehensive coaching and classes on varying fields including corporate tax in UAE. The reasons that made us the best in UAE corporate tax training are:
  • UAE tax regulations, VAT laws, corporate tax policies, business laws, etc are taught as part of the course
  • The training at Your Own would help you gain skills and knowledge for Corporate Tax Planning
  • The comprehensive corporate tax training in Dubai offered by Your Own would make you confident enough to handle the requirement singlehandedly.

For more info on the UAE corporate tax training in Dubai, the course details, the fee structure for the course, and the curriculum reach out to us.