Training Program for Corporate Tax, VAT, and Transfer Pricing
- Hayford Integrated Training Institute, Dubai
Training Program for Corporate Tax, VAT, and Transfer Pricing
Hayford Integrated Training Institute is thrilled to present a comprehensive 15-hour training program spanning three days, focused on Corporate Tax, VAT, and Transfer Pricing. Join us for an in-depth exploration of key topics essential for professionals navigating the complex landscape of taxation and financial compliance.
Benefits :
- Applicatory knowledge and skills of Corporate Tax, VAT and Transfer Pricing
- Staying abreast with the latest Tax framework knowledge to manage the risk of non-compliance
- Getting acquainted with specialized areas of Tax such as International Taxation and Transfer Pricing
- Becoming a part of the professional community that can provide real time solutions and career opportunities
Who Should Attend :
- Aspirants of Tax, Accounting, and Finance careers
- Tax practitioners seeking deep understanding of the Tax framework
- Business owners and managers looking out to avoid Tax penalties
- Anyone seeking a comprehensive understanding of corporate tax, VAT, and Transfer Pricing
UAE Corporate Tax
Day 1 (5 hours)
Tax Rate, Persons, Taxable Income, Deductions and Reliefs (Article 1 to 33)
- Different types of persons attract different taxability, rates, and exemptions
- Types of income can be taxable or exempt
- Allowable deductions vary in type and extent
- Rules for interest expense deduction and reliefs exist
- Key definitions and concepts of persons are essential
- Considerations for establishments or business presence in the UAE Mainland, Free Zone, or foreign jurisdictions
- Understanding taxable income and factors influencing taxability
- Testing candidates’ knowledge on residency and source of income
- Exploration of the extent of taxability of income earned
- Scenarios to test participants understanding of applying corporate tax in UAE
- Argumentation on scenarios with changing variables for clarity
- Rationale behind applying corporate tax on a person under UAE legislation.
Tax Groups, Tax Calculation and Settlement
(Article 34-70)
- Transfer and adjustment of Tax Loss between related Parties and within Tax Groups
- Consideration of Connected Persons, currency, Withholding, and Foreign Tax Credit
- Understanding the Corporate Tax Return process
- Payment and settlement procedures for Corporate Tax Payable
- Refunds and Anti-Abuse rules in the context of Corporate Tax
- Evaluation of candidates’ views in scenarios involving Arm’s Length rule
- Analysis of scenarios related to Related Parties, Connected Persons, and Tax Groups
- Assessment of whether relevant provisions of Corporate Tax law apply
- Identification and mapping of gaps in understanding
- Utilization of explanatory navigation technique to guide candidates to the correct conclusions.
UAE Arm Length Transfer Pricing
Day 2 (5 hours)
This course is designed to empower you with essential knowledge and skills in transfer pricing. Whether you’re a finance professional looking to enhance your expertise or an aspiring specialist aiming to navigate the complexities of international taxation, this course is tailored to meet your needs.
- Transfer Pricing – Introduction & Basics
- Functional Analysis (FAR) – In Practice
- Methods of Transfer Pricing
- Economic Analysis including comparable search on Database
- Transfer Pricing Compliances – Documentation & Disclosure
- Transfer Pricing in UAE Context – Practical Case Studies
Latest VAT Updates
Day 3 (4 hours)
VAT Scope, Supplies, Registration, Taxability and Designated Zones
- Applicability of VAT on the supply of Goods and Services
- Consideration of timing and value of supply in the context of VAT
- Examination of VAT implications on Imports and Exports
- Differentiation between Standard and Zero Rates for VAT
- Understanding the Reverse Charge Mechanism under VAT
- Impact analysis of Designated Zones on VAT
- Requirement for VAT registration and criteria for eligibility
- Identification of various types of supplies under VAT
- Differentiation between Taxable and Exempt Supplies
- Methods to determine the time and value of supplies for VAT purposes
- Exploring the benefits associated with companies registered in Designated Zones.
VAT Return Components, Preparation, Settlement, VAT Documentation and Audits
- Charging and recording procedures for Output VAT
- Handling and recording of Input VAT
- Allocation and apportionment of Input VAT
- Consideration of adjustments and voluntary disclosure in the VAT process
- Preparation and submission requirements for VAT Return
- Payment procedures for VAT liability
- Proper practices for issuing VAT invoices
- Handling Credit Notes in the context of VAT
- Importance of record-keeping in VAT compliance
- Understanding the processes and implications of VAT audits
- Awareness of penalties associated with non-compliance in VAT
- Practical application of knowledge in critical areas of VAT compliance.
Course Details
Course Fee:
AED 1,500
Course Duration:
15 hours
Mode:
Face to face &
Online
Location:
Silver tower ,
JLT Dubai
Awarding Body: KHDA
Participants will get KHDA & Hayford certification upon completion of course.
Muhammad Altaf Hussain
Senior Partner at AJMS Global Dubai, & Trainer at Hayford Integrated Training Institute
Ex Big 4 with 23 years of experience in Taxation & Advisory
Why Choose Hayford?
Hayford Integrated Training Institute is one of the prestigious training institutes in the region and has a global presence. Hayford serves the professional and student community in the region and globally through its best-in-class training and development programmes.
Hayford led by an eminent team of experts with a cumulative experience of 300+ years of professional experience in varied industries and professional domains now offers a conducive environment for the students to develop their knowledge, learn from the masters and practice what they have learned.
