The UAE Ministry of Finance recently announced that corporate tax would be introduced in 2023. The introduction of a Federal corporate tax will represent a significant change to the UAE tax environment and landscape and will result in additional costs for companies both in terms of tax and compliance burden. It is important for businesses to understand the rules and consider how they will be impacted in order to be compliant. Businesses will also need to review their current legal structure, agreements, business model, and transfer pricing policy in order to ensure that there is no unnecessary tax leakage or adverse tax consequences.
The webinar will address the following key topics:
Why is corporate tax being introduced?
The expected UAE corporate tax framework
What we know so far and what we don’t know including expectations on the design of the future UAE corporate tax regime
What businesses need to do to prepare
Date: Monday 21 March 2022
Time: 6pm – 7pm (GST)