Spectrum Auditing conducted webinar on “Corporate Tax Rules : Year-end adjustments and Transitional Provisions” on 19th January 2024 especially for accountants who have questions on how to handle the company books of accounts and things to keep in mind regarding Corporate Tax which is already in force in the UAE. You can watch the webinar recording video here. Meanwhile, you can also find more webinar videos on our Spectrum Auditing’s YouTube channel.

   

• UAE Corporate Structure
• Taxable Person (Who?)
• Imposition of Tax and Tax Rate
• Implementation Date of Corporate Tax

• Exempt Income
• Deductions – General Rule
• Non Deductible Expenses
• Interest Deduction Limitations Rules
• Entertainment Expenditure – Deduction
• Types of Related Party Transactions

• Transition Rules
• General Anti-Abusive Rules (GAAR)
• Ministerial Decision no. 120 – Adjustments under Transition Rules
• Adjustments under Transition Rules – Option 1 (Valuation Method)
• Adjustments under Transition Rules – Option 2 (Time apportionment method)

• Key action points before the commencement of the first Tax Period-Accounting
• Key action points before the commencement of the first Tax Period-Record Keeping & Others
• Key action points before the commencement of the first Tax Period-Assessing Future Actions
• Registration
• CT Returns
• UAE Corporate Tax Computation Template
• Accounting Record keeping & Auditing
• Accounting Record keeping required – Corporate Tax
• Ministerial Decision no. 114- Accounting Standards and Method of – Accounting for Corporate Tax Law
• Chart of Accounts – Changes
• Inventory Counting and Valuation
• Safeguarding Assets – Fixed Asset Register Maintenance
• The year-end closure

  SPEAKERS: Mr. Balaram Reddy, is the Managing Partner of Spectrum Auditing, Dubai, UAE. He is a Chartered Accountant with over 20 years of experience in the field of Audit, Taxation, Advisory and has worked in the Big4 consulting firms (Price Waterhouse Coopers, KPMG & Deloitte) and as well in the Industry. He has vast knowledge in IFRS, US GAAP, and performed financial reporting, Auditing for different industry sectors in the earlier stints.  

Mr. Narendra Kottu is a Chartered Accountant (CA) and heads the CFO Services in Spectrum Auditing.

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You can watch the webinar video here:

 

Spectrum Auditing guides you with the laws and regulations of UAE, covering most compliances applicable as well as enable you deal with any queries pertaining to Risk Advisory, Economic Substance Regulations (ESR),  Corporate Tax (CT), Transfer Pricing (TP), Ultimate Beneficiary Owner (UBO), Anti Money Laundering (AML), etc., after reviewing your business.

 

We provide a host of services. One of our key areas of expertise lies in audit services, where our skilled professionals ensure accuracy and compliance in financial reporting. We conduct thorough audits to help businesses maintain transparency and build trust among stakeholders. Our accounting services offer precise financial record-keeping, bookkeeping, and financial statement preparation.