Tax Considerations of Business Transactions

Tax Considerations of Business Transactions The aim of this course is to: Recap the basic concepts and key features of the UAE Corporate Tax (CT) Law; Examine the relevant CT exemptions and reliefs as described in the UAE CT Law in detail; Consider the order of approach in applying any relevant CT exemptions and reliefs; Consider the criteria of the published exemptions and reliefs and how they may be applicable to categories of businesses and certain business transactions; Consider business activities and transactions from a broader tax risk management perspective including: documentary requirements for demonstrating that the criteria for exemptions and relief is met; the Arm’s Length Principle and Transfer Pricing concepts (including documentary evidence); The potential applicability for tax reliefs to be clawed back; Applicability of the General Anti-Abuse Rule and tax best practice principles. Enable attendees to identify how these concepts are interconnected, appreciate the goal of a public/private balance for taxation, and how to spot ‘red flag’ issues.