Corporate Tax for SMEs and Free Zone Entities

UAE Corporate Tax Webinar: Introduction to UAE CT law and impact on businesses

We are pleased to invite you to our upcoming Corporate Tax Webinar, which will be held on 28 March 2023 at 11:00 AM (UAE time).

The UAE CT law, released on 9 December 2022, will have a major impact on businesses going forward. With the advent of this new law, it becomes increasingly important to understand the various provisions put in place and the impact it will have on the operations of the business. Since the introduced law is dynamic and still evolving, businesses will have to stay up-to-date with the latest regulations and compliance requirements to ensure they are meeting their tax obligations.

During the webinar, our expert speakers will provide a comprehensive overview of the corporate tax landscape in the UAE – having a focus on free zone persons and SMEs.

The topics that will be covered in the webinar include:

An overview of the UAE tax law – covering Taxable Persons, Tax Rates, Exempt Persons, Deemed Residency provisions and Permanent Establishment
Details of the exemption available to Free Zone Persons, including a comparison of what was released in the Public Consultation Document
Key areas of the UAE CT law applicable to SMEs
Basic overview of the anti-abuse provisions in the law, including general anti-abuse rules as well as specific rules (e.g. Thin Capitalisation, restrictions of inter-group loss transfers etc.)
Transfer Pricing Considerations including the TP compliances to be adhered to
Interplay between the CT law and VAT
Go through client FAQ

This webinar is ideal for business owners, tax professionals, and financial advisors who want to refresh their understanding of the UAE CT law and stay updated about the latest direct tax regulations and compliance requirements in the UAE.

Organizer

Lorenzo Jooris

CEO, Creative Zone

Lorenzo Jooris is the CEO of Creative Zone, Dubai’s leading business advisory firm. Mr Jooris holds extensive and diverse experience in the Middle Eastern and South Asian business markets and retains an expert opinion on the regions’ SMEs and startup culture. He was the founder of One World Communications, a full-fledged multi-media powerhouse advising governments around the world in branding and communication strategies. He, later on, started LEADERS Middle East Magazine in the UAE and formulated ‘Leaders without Borders’ an initiative that promotes young social entrepreneurs’ development and Power Women of Arabia Debate. In 2018, he joined Arton Capital as the Vice President of global growth and strategy where he oversaw the international expansion of the company and was in charge of sales, marketing and events worldwide. Lorenzo is a firm believer in giving back to the community, and within Creative Zone he has spearheaded significant initiatives to help and support promising startups and entrepreneurs. He is also the author of “Recipes for a Better World” and serves as an advisor to the James Michel Foundation.

Speakers

Mohamed Al Sayed

Head of Tax, Creative Zone Tax & Accounting

Mohamed Sayed is a Registered Tax Agent, accredited by the Federal Tax Authority, holding a high degree of training and accuracy in administrative, legal and practical elements of tax. A former employee of the Federal Tax Authority (FTA) in the UAE, Mohamed was also awarded the GCC VAT Compliance Diploma from the Association of Taxation Technicians. His expertise in tax and company law has assisted clients in public as well as private sectors. Mohamed helps you not only to remain tax compliant but also stay one step ahead of the curve with the latest updates from the FTA. Currently, Mohamed is presently the Head of Tax at Creative Zone Tax & Accounting, tailoring the best solutions for our clients to ensure complete compliance.

Nilesh Ashar

Tax Partner, KPMG

Nilesh Ashar is a Tax Partner with KPMG based in Dubai with over 24 years of Big 4 International and M&A tax experience advising clients across emerging (Middle East / India) and mature economies (UK / Europe).

He has significant experience in advising a wide variety of clientele spread across sectors like real estate and infrastructure, financial services, SWF/ PE, oil and gas, retail, family owned businesses, etc. on international tax matters, cross border tax structuring, M&A tax, economic substance advisory, tax governance, transfer pricing, FATCA/ CRS advisory and VAT. He has an extensive experience in helping businesses manage tax risks, effective tax rates and improve their tax processes in the ever evolving business and transactional environment.

Nilesh has extensively advised MNEs on developing tax manuals/ governance frameworks to help them shape the tax function in the current global tax environment and managing their regional/ global tax compliances including meeting BEPS Action 13 documentation requirements, or the more recent economic substance regulations. He has also advised GCC headquartered MNEs on tax structuring and foreign investment regulations requirements and tax due diligence for global acquisitions / expansions.

He serves as the lead Tax Partner on a number of key accounts and advised on a range of tax issues including international and corporate tax, transfer pricing, VAT, customs duty, and global mobility tax issues.

He started his professional career with EY in India (Arthur Andersen upto 2002) and was relocated to EY London to set up the India Tax Desk, with business development, tax structuring and foreign investment advisory responsibilities for international companies in the UK and the European region, before relocating to UAE to lead KPMG’s tax practice in the UAE.

He is a regular speaker at seminars, conferences, client workshops and various industry forums and has contributed to many thought leaderships and views on tax matters in print and television/ radio.

Zeeshan Toor

General Manager (ACCA, CMA, UAECA), Creative Zone Tax & Accounting

Zeeshan Toor brings the highest standard of quality to work. Having a diverse experience and keen insights towards management, allows him to read between the lines and understand the needs of the clients on a very minute level. Accredited with World renowned Professional Certifications like ACCA, CMA and UAECA equips him with the essentials skills required to provide value for money services to clients. His hard work got him featured in the PwC's Academy Monthly Newsletter. His excellent analytical skills, strategic thinking and independent advice for the clients aids management decisions, brings efficiency, improves workflow and adds value to a growing business.

Corporate Tax for SMEs and Free Zone Entities

Corporate Tax for SMEs and Free Zone Entities

Organizer

Lorenzo Jooris

Speakers

Mohamed Al Sayed

Nilesh Ashar

Zeeshan Toor

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