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.
Objectives/take-away points:
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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.
