VAT Returns deadline is 28th of every month. Excise Tax Returns deadline is 15th of every month ESR Notification Submission deadline, 6 months from the end of the financial year ESR Report Submission deadline, 12 months from the end of the financial year Click here to know the Foreign Exchange (FX) rates applicable for VAT from the UAE Central Bank website
+971 4 2699 329
Country By Country Reporting in UAE

Know more about UAE Corporate Tax – Workshop

This page is an audio-video workshop presentation of UAE Corporate Tax (Based on the FAQs by Ministry of Finance, UAE on 31 Jan 2022) – presented by Mr. Balaram Vuchidi, Founder, Spectrum Auditing.


The following topics are covered in this video session along with examples explained in great detail:

• What is Corporate Tax (CT) why UAE introduced CT?
• When is the CT going to be implemented?
• Scope of UAE CT
• Corporate tax rates
• CT for Free Zone Businesses and Tax groups
• Withholding Tax & Off-set of losses
• Tax Credits and Transfer pricing
• CT Administration



COMMON QUESTIONS also discussed include:

Q) What is the impact of UAE CT and OECD GMT on the entities in Free Zones?


Q) What could be the non-deductibles from the profit under UAE CT?
o Fines and Penalties
o Excess depreciation
o Wages and salaries paid to owners/ partners/shareholders/their relatives
o Entertainment Expenses
o Expenses of personal nature
o Payments to head offices abroad


Q) Is UAE CT going to be applicable on income earned from crypto currency investments?


Q) What are the possible tax planning areas?
o changing the FY
o structure change
o Free Zone vs Mainland
o transferring properties from company to Individual


Q) What is the information that is expected while filing the CT returns?
o Financial statements
o Taxable income calculation showing adjustments made to the accounting net profit
o Tax depreciation schedules and worksheets
o Transfer Pricing documentation
o Details of related party transactions
o Movement of provisions


Reach out to Spectrum @ +971 4 2699 329 or email [email protected] if you have any queries pertaining to Corporate Tax.



Balaram Vuchidi

Managing Director
+971 50 9866 466
[email protected]
Anti Money Laundering Law   contact us
Enquire with Us