LAW & PRACTICE RELATING TO UAE CORPORATE TAX |VIRTUAL BOOK
Description
This book aims to analyse and elucidate the intricacies of United Arab Emirates (UAE) Corporate Tax [Federal Decree-Law No. 47 of 2022 as amended by Federal Decree-Law No. 60 of 2023] and its practical applications. It addresses the challenges for tax practitioners in understanding the law and its applications. It does so by providing an article-wise commentary on the UAE Corporate Tax along with the following:
- Relevant Cabinet and Ministerial Decisions
- Case Studies
- Illustrations
- FAQs
- Charts & Tables
- Guide on Free Zone Taxation
Beyond its immediate utility, the book is designed to serve as a comprehensive reference tool. It stands as a valuable resource for professionals dealing with tax, yet its scope is not confined to experts alone. The content is approachable and engaging for anyone interested in the tax environment of the UAE, whether they are practitioners, scholars, or laypersons.
The Present Publication is the 2nd Edition and is updated till 31st May 2024. This book is authored by CA Nirav Shah, with the following noteworthy features:
- [Clear & Example Driven Format] has been followed in this book to present the analysis and make complex tax concepts more accessible to the readers
- [Discussion on Implementation of UAE Corporate Tax] involving Decrees and Cabinet Decisions
- [Highly Structured Contents to Present the Legal Framework and Real-world Application] The book's structure is thoughtfully organised to provide a lucid explanation, where it not only clarifies legal jargon but also bridges the gap between theory and practice, offering readers a well-rounded understanding of the subject matter
The book contains twenty chapters, each including an analysis of the Articles of the UAE Corporate Tax. The appendix to the book includes Federal Decree Law 47 of 2022, as amended by Federal Decree Law 60 of 2023, and all Cabinet and Ministerial Decisions. The structure of the book is as follows:
- [Introduction] Provides an overview of the UAE Corporate Tax and important definitions
- [Imposition of Corporate Tax and Applicable Rates] This chapter analyses Articles 2 and 3 of the UAE Corporate Tax dealing with the obligation to pay UAE Corporate Tax and the applicable tax rate.
- [Exempt Persons] This chapter analyses Articles 4 to 10 of the UAE Corporate Tax. These Articles exempt various entities: government entities, government-controlled entities, public benefit entities, investment funds, extractive businesses, etc. This chapter also includes the Corporate Tax Guide issued by the UAE FTA on Free Zone Persons.
