The latest publications of the UAE Federal Tax Authority (FTA) on the free zone relief of Corporate Tax (CT) at 0% emphasize the importance of understanding and complying with the Transfer Pricing (TP) requirements under the UAE Corporate Tax Law. Free Zone entities that fail to comply with the TP requirements will lose the Free Zone relief for a minimum of 5 years and consequently be subject to a standard tax rate of CT at 9%. Other taxpayers, including mainland, foreign entities, and individual taxpayers, that fail to comply with the TP requirements may face additional taxes and penalties for non-compliance.
Event details:
Date:27 June 2024
Time: 10:00AM – 11:00AM (GST)
Location: Zoom – Online Platform
Agenda:
- Transfer Pricing Fundamentals:Key regulations and guidelines governing intra-group services.
- Disallowance of Intra-Group Services:Common reasons for disallowance that could result in disqualification of the relief.
- Directors’ Fees and Management Fees:Types of specific challenges in justifying and documenting these fees.
- Risk Mitigation:Key strategies to ensure robust documentation and defend intra-group service charges against scrutiny.
To register for this event and submit any questions in advance, click the link here.
