IFRS & UAE Corporate Tax

Description

This is Combine Course. Learn more about this Course.

Combine Course

The IFA Diploma in IFRS for Accounting Professionals:

Diploma includes:

• A solid grounding in the background, principles and application of the IFRS framework.
• Developing an understanding and working knowledge of IFRS.
• Gain formal recognition of your skills.
• Designed as an international qualification the short and intense program gives you access to:
• Interactive training either online or face to face.
• Comprehensive study material which includes handouts, presentations and practice assessments.
• Comprehensive question and answer bank provided by the IFA.
• End of program final assessment.
• Qualification certificate upon successful completion.
• CPD hours

UAE Corporate Tax

1. Overview of UAE Corporate Tax

• Company Tax Obligation.
• Objectives of CT

2. Scope of UAE Corporate Tax

•  Determination of financial year for CT purpose.
• Corporate Tax Returns, Payment and Refund.
• Record Keeping and Tax Period.
• Resident and Non-Resident Persons.
• Permanent Establishment (PE)of the Foreign Entities.
• Calculating Taxable Income.
• Small Business Relief.
• Loss Utilization.
• Free-Zone Entities.
• Exemption Income.
• Partners in an Unincorporated Partnership.
• Deductible Expenditure.
•  Interest Expenditure.
• Entertainment Expenditure.
• Non-deductible Expenditure.
• Family Foundation.
• Currency.
• Calculation and Settlement of Corporate Tax.
• Withholding Tax, Withholding Tax Credit and Foreign Tax Credit.

3.Transfer Pricing Matters

• Arms-Length Principle.
• Transfer pricing Methods.
• Transfer pricing documentation.

4.Implementation and Compliances

• Approach to Implement CT.
• Consultancy Services.