Tag: UAE Corporate Tax Training

5 things to know about UAE corporate tax

Posted on | by admin | Leave a Comment on 5 things to know about UAE corporate tax

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

Posted on | by admin | Leave a Comment on UAE Corporate Tax Certification Course – Know more about the Opportunities

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?

Posted on | by admin | Leave a Comment on How Your Own become the best UAE Corporate Tax Training provider in Dubai?

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.