Corporate Tax Compliance in Retail & Trading -CT, VAT, ESR -

Spectrum Auditing conducted an enlightening webinar on 15th September 2023 on “Corporate Tax & Compliance in Retail & Trading Business – evaluating CT, VAT, ESR”. As part of our ongoing Corporate Tax (CT) series aimed at raising awareness and providing essential updates, we are delighted to share the webinar video for your viewing on this page and on Spectrum Auditing’s YouTube channel. Additionally, you can also download the webinar presentation document for your reference.

The following topics are covered in this webinar:

Background & scope of UAE Corporate Tax (UAE CT)
Persons & Tax Base
Qualifying Free Zone & Distribution activities
VAT Impact on Designated Zones
Connected Persons, Related Party transactions
Allowed, Disallowed Expenses
Tax Group under CT & VAT
Impact of VAT in Retail & Distributions
Impact ESR in Distribution & Service centers
Tax Administration
Q&A

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. Manish Saraf is a Chartered Accountant (CA) and Certified Internal Auditor (CIA) having 20 years’ experience is Partner at Spectrum Auditing. He worked with Big4 consulting firms (PwC, EY, Deloitte) in Risk Advisory Services. He has worked across India, USA, UK, Middle East Region (UAE & Oman) and West Africa. His expertise includes the field of Governance, Risk, Compliance & Taxation and is a well accomplished trainer on Audit, Governance Risk, & Tax topics in UAE.

Subscribe our channel and discover more videos on our YouTube channel, click here: https://www.youtube.com/@Spectrum-Auditing

You can watch the webinar video here:

You can download the presentation document from here: Download CT Presentation

Spectrum Auditing guides you with the laws and regulations of UAE, covering 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. Our team of experienced accountants ensures that companies maintain reliable financial data, facilitating informed decision-making and meeting regulatory requirements. Our business advisory services offer strategic guidance, financial analysis, and feasibility studies to help companies identify growth opportunities, streamline operations, and make informed business decisions.

As a pioneer in the field of auditing, accounting, taxation, and advisory services, we keep track of all the changes taking place in the UAE concerning laws, rules, and regulations. We keep our clients informed and regularly share the same information through our blog section or social media handles. Call us today for any kind of assistance at +971 4 2699329 or email [email protected] to get all your queries addressed. Spectrum is your partner in your success.

With Spectrum Auditing’s expertise and tailored solutions, we empower businesses to navigate the complexities of corporate taxation, enabling them to thrive in the UAE’s dynamic business environment.