Permanent Establishment & Qualifying Free Zone Person under UAE Corporate Tax

On 12th July 2023, Spectrum Auditing, UAE, in collaboration with Welltax Limited, United Kingdom (UK), hosted a highly informative webinar via Zoom. The webinar delved into the intricate topic of “Permanent Establishment (PE) and Qualifying Free Zone Person under UAE Corporate Tax.” With a focus on empowering businesses with essential knowledge, the event shed light on key aspects related to these topics. In this blog post, we have provided the webinar video to watch on this page as well as on Spectrum Auditing YouTube channel and also download the webinar presentation document.

Topics discussed included the following:

How to determine existence a Permanent Establishment for a Non-Resident in UAE
Impact of having a Permanent Establishment under UAE CT Law
Qualifying Free Zone Person – Conditions to get the status
When do you loose a Qualifying Free Zone Person status and what is the impact
Question and Answers

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.

Michele Ammirati, is the Managing Director of Welltax Limited, London, United Kingdom, a distinguished professional with extensive experience in the field of taxation and finance. With a strong background in tax advisory and compliance, Michele has established himself as a trusted expert in the industry. Michele’s expertise spans various areas of taxation, including corporate tax planning, international tax matters, and VAT compliance. He possesses a deep understanding of the regulatory frameworks and guidelines, allowing him to provide valuable insights and tailored solutions to clients.

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You can watch the webinar video here:

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

ABOUT Spectrum Auditing

Spectrum Auditing will guide you with the laws and regulations of UAE, be it Corporate Tax (CT), Transfer Pricing (TP), Ultimate Beneficiary Owner (UBO), Anti Money Laundering (AML), etc after reviewing your business.

Spectrum Auditing provides a host of services. One of the key areas of expertise lies in audit services, where our skilled professionals ensure accuracy and compliance in financial reporting. By conducting thorough audits, we 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.

Being a pioneer in the field of auditing, accounting, taxation and advisory services, we ensure we keep track of all the changes that are taking place in the UAE with respect to the changes in laws, rules, regulations and keep our clients informed as well as sharing the same information through our blog section or social media handles regularly. 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.