Description:

In line with its commitment to International Standards, the G20 and the Organization for Economic Co-operation and Development (the ‘OECD’) initiatives on Base Erosion and Profit Shifting (‘BEPS’), the UAE has joined the Inclusive Framework on BEPS program to become the 116th jurisdiction to this framework.

In April 2022, the UAE Ministry of Finance (‘MoF’) released a Public Consultation Document containing framework of corporate tax and transfer pricing regulations, which was followed by the FAQs released in January 2022. These regulations will be effective from financial years commencing on or after 1 June 2023.

Considering that the Corporate Tax would impact the way the businesses conduct themselves in the UAE, it is now essential that businesses look into their current ownership structure and supply chain to optimise tax cost and commercial viability.

Topics to be covered:

• Introduction to Transfer Pricing & BEPS
• What is Transfer Pricing?
• Trigger of Transfer Pricing
• GCC Scenario
• Why Transfer Pricing is relevant in the UAE now?
• What is Corporate Tax and why it is introduced now in the UAE?
• Key elements of Corporate Tax in the UAE
• Key aspects related to Transfer Pricing
• Related Party
• Connected Person
• Arm’s Length Price
• Functional Analysis
• Economic Analysis
• Documentation
• Transfer Pricing – its impact on your business
• Preparedness and way forward

Who should attend??

• ICC UAE Members,
• Business Owners
• Directors, CEOs and CFOs
• Tax heads
• Lawyers & Legal Professionals

SPONSORED BY:	HOSTED BY: