UAE Corporate Tax
Training Bootcamp

With a blend of theoretical understanding, real-world case studies, and hands-on exercises, this BootCamp ensures that you walk away with a robust and actionable understanding of the UAE Corporate Tax

100% Tax Law
Covered

Live Online
Training

24+ Hours
of Training

Industry Specific
Examples

Real-life Case
Studies

Lead by Expert
Tax Trainer

Course Fee

Course Fee: AED 4,900 + VAT
Course fee includes live online lectures,
recorded lectures, and access to LMS

Start Date

Friday 27th October 2023
Every Friday 4:30 pm to 6:30 pm
Live Online Classes - 10 Lectures

Trainer

Mirza Farrukh Baig, FCA
Leading UAE Tax expert
Managing Director Lynchpin Consulting

Program Overview

The UAE Corporate Tax Training Bootcamp from Lynchpin Training is designed to empower financial professionals in a rapidly evolving taxation landscape in the UAE. Throughout this rigorous 8 to 10 week program, participants will gain a comprehensive understanding of the UAE’s newly implemented Corporate Tax Law. You’ll not only master the foundational principles and intricate applications but also learn to navigate complex compliance scenarios, employ strategic tax planning, and harness effective communication skills to present tax-related narratives.

Through this immersive Bootcamp, facilitated by Lynchpin’s seasoned experts, you will be equipped with the tools and knowledge to transform challenges posed by the new tax law into strategic advantages for your organization or clients.

Course Outline

Key Terms:

  • All the key terms used int the UAE Corporate Tax Law will be explained and their context will be discussed in detail on various tax law provisions.

Imposition of the Tax & Rate of Tax Applicable:

  • Tax rates for Mainland & Free Zone Persons.
  •  How the difference in tax rates between mainland and Free Zone companies can impact your overall tax liability.

Exempt Persons and Their Tax Compliance Requirements

  • Discuss the 8 categories of exempt person under the UAE Corporate Tax Law.
  • What are the special conditions required to be compliant with the exemption criteria.
  • Discuss in detail about each category of exempt person, whether any approval is required for exemption, type of entities who are exempted by default.
  • Documentation requirements to maintain the exemption status.

Taxable Persons, Their Corporate Tax Base

  • Categories of taxable persons and the tax treatment based on their respective classification.
  • How generation of state sourced income and triggering of the permanent establishment can impact your tax liability.
  • Treatment of income from generated by Investment Manager and conditions for its exemption.
  • Partnership taxation, tax on the partners of in-incorporated partnership firms.
  • How the family foundation in the UAE will cope up with the tax requirements. 

Corporate Tax Regime for Free Zone Companies

  • How can we take benefit from 0% taxation for Qualifying Free Zone Persons?
  • Conditions to be met to become a Qualifying Free Zone Person
  • What are Qualifying Activities, Excluded Activities, and how to calculate the De Minimus Requirements.
  • What will happen if you do not meet the Qualifying Free Zone Person requirements?

 Calculation of Taxable Income

  • Basis of calculation of Accounting Profit, where to apply the full IFRS, How the accounting for SME companies to be done. 
  • What are the allowable adjustments for the calculation of Taxable Income?
  • How to deal with Un-realised gains & losses?
  • How to adjust the group-related transactions from the taxable income?
  • Treatment for adjusting of tax losses

Small Business Relief

  • How to get special tax relief if you are a small business?
  • What is the final timeline of claiming the small business relief?

Exempt Income

  • What income types are exempted from tax? e.g. Tax treatment of dividend income. Participation exemptions of foreign dividend income.
  • Exemption of Foreign branch income

Special Tax Reliefs

  • Concept of Qualifying Groups and how is it different from Tax Groups?
  • How to take advantage of exemption of gains on transfer of assets & liabilities between the qualifying group members?
  • Concept of Business Restructuring tax relief and how one can benefit from it.

Deductions from Taxable Income

  • Which expenses can be deducted from the taxable income calculation?
  • Special rule for interest rate rules. How to calculate the interest expense allocation for future years?
  • Entertainment expense deduction – special rules.

Tax Treatment of Related Party Transactions

  • How to apply arms length principal?
  • What are the controls to be applied while dealing with related parties and connected persons?

Tax Losses

  • Treatment of tax losses
  • What are the limitations on adjusting tax losses against future taxable income?

Tax Groups

  • How to forma tax group with the approval of FTA?
  • How to cease a tax group and its implications.
  • How to calculate the income a Tax Group?

Tax Registration & De-registration, Tax Return

  • How to process the Corporate Tax registration
  • When to de-register and company
  • What information is needed to file a Corporate Tax Return

Misc. Tax Provisions

  • Withholding tax applicability in the UAE
  • When & how can we claim the foreign tax credit
  • General Anti-abuse rules and how can they effect the business decision.
  • Financial Statements preparation requirements
  • Who can use cash base accounting methods?
  • Violations & penalties

Implementing Decision

  • All Cabinet Decisions will be covered.
  • All Ministerial Decisions will be covered.
  • All FTA Decisions will be covered.

Know More About Our Corporate Tax Bootcamp

Our BootCamp is privileged to be led by Mr. Mirza Farrukh Baig, a renowned expert in the field of tax and accounting. With over 20 years of experience in both the UAE and international financial landscapes, Farrukh brings a wealth of knowledge, insights, and hands-on expertise.

Farrukh has worked with some of the top UAE companies as tax advisor and has been instrumental in shaping tax strategies for numerous corporations. He is among the pioneers of the VAT training in the UAE since 2016. Alongside his/her professional endeavors, Farrukh is passionate about education and has trained thousands of professionals, helping them navigate complex financial regulations and tax laws.

He is also the co-founder of the online tax portal www.TaxBox.ae. 

Farrukh is the Fellow Member of the Institute of Chartered Accountants of Pakistan. He has also been awarded Gold Medal for his outstanidng performance in his CA examinations. 

His teaching methodology is a blend of theoretical understanding and practical real-world insights, making the learning experience truly holistic and actionable.

You can connect with him on LinkedIn here.

This BootCamp is designed for a range of individuals including financial professionals, business owners, finance students, and tax consultants/advisors. Whether you’re looking to update your professional knowledge, ensure your business’s compliance, or deepen your academic insights, this course caters to all.

The BootCamp spans 8 weeks, with one session held each week. Each session lasts between 2 to 3 hours. We may increase 3 to 4 sessions depending on the pace of the participants and if there any new Corporate Tax updates are released by FTA during the course the Bootcamp then those updates will also be covered. 

Yes, this is a fully online BootCamp. All sessions will be conducted live, allowing participants to interact in real-time. Additionally, recordings of each session will be made available for those who might miss a live session or wish to review the content. You will have your own login access to our online learning portal. 

Absolutely! Participants who successfully complete the BootCamp will receive a certificate acknowledging their expertise in the UAE’s new Corporate Tax Law.

Toggle ContentOf course! The course is structured to provide foundational knowledge before delving into advanced topics. While prior knowledge can be beneficial, it’s not a prerequisite.

No worries! All live sessions are recorded and will be available for participants to view at their convenience.

Highly interactive! While the content is delivered by our expert trainers, participants are encouraged to ask questions, engage in discussions, and participate in group exercises to ensure a practical understanding of the concepts.

We accept payments via online payment portal as well as via bank transfer. Our payment portal is secure, ensuring the safety of your transactions.

You can call us at +971-58-5915700. Our team is always here to help!

Meet the Trainer

Mirza Farrukh Baig, FCA

Meet the Heart and Brain Behind Our BootCamp – Mr. Mirza Farrukh Baig

Imagine strolling through the intricate maze of tax and accounting with someone who’s not only walked the path countless times but also paved many of those paths himself. That’s Farrukh for you. With over two decades of hands-on experience, he’s become an inseparable part of the UAE’s financial story.

He’s not just a tax advisor. He’s the trusted confidante for many top-tier companies in the UAE, the go-to guy when they needed strategies crafted with precision and foresight. But if you think he’s all about numbers and balance sheets, think again. Farrukh has the heart of an educator. Way back in 2016, when VAT was still a novel concept in the UAE, he was already teaching, guiding, and demystifying it for thousands.

While his commitment to the tax world is unwavering, his spirit of entrepreneurship shines brightly with www.TaxBox.ae. A platform he co-founded, making tax wisdom more approachable and easy to digest.

On paper, he’s a Fellow with the Institute of Chartered Accountants of Pakistan and was even awarded a Gold Medal for standing out during his CA exams. Add to that a Certificate in Launching New Ventures from the renowned Harvard Business School, Boston, USA, and you’ll see the breadth of his academic pursuits.

However, what truly sets Farrukh apart is his teaching style. With him, you won’t just be skimming through theories. He weaves in real-life stories, challenges, successes, and lessons learned from his rich career journey, making each session a blend of knowledge and experience.

If you ever wish to chat, share a coffee, or dive into a financial debate, Farrukh is just a click away on LinkedIn. He always loves a good conversation!

Hear From Our Past Tax Training Participant

Training was very informative. Trainer had expert knowlege of subjects queries were replied to full satisfaction. It was really useful for us
Shabbir Iliyas Raja
Dubai Aviation Engineering Projects
It was very informative, he explains the topic on a level that all of us understands. He accommodates questions that are personal to our company which is very helpful. Kudos!
Berna Liza Suase
StormGeo FZ LLC
Mr Baig is an excellent trainer with immense patience and an impressive trainer who kept the session interesting yet very very to the point. Will be looking forward to more sessions by him.
Meghna
Creative Zone
Very useful training for me, I have received detailed explanation with numerous of examples, questions and all my questions were answered.
Svetlana
Scoble
I know Lynchpin since the VAT implementation in UAE, and today I had again a very good experience regarding the subject of Corporate TAX. The training was very well conducted by Mirza, and the topics were explained with examples. I recommend Lynchpin not only for training, but also for TAX consultation services. Thank you
Helena Jones
Tagus Consulting and Services DMCC
Really good. Very clear on all the topics. Explained every thing nicely and in detail.
Khurram Masood
Gulf Target Holdings LLC
It was amazing..and very helpful..clear ..excellent in material and cases presented
Osama Nasry El Gafarawi
Dubai Aviation Engineering Projects