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Physical Batch of Certificate Course of UAE Corporate Tax

Physical Batch of
Certificate Course of UAE Corporate Tax

Organised by : International Taxation Committee                  Hosted by : Pune Branch of WIRC of ICAI

Venue :
Pune Branch of WIRC of ICAI
ICAI Bhawan, ITT Lab No. 2, Plot No. 8, Near Mahavir Electronics,
Parshawnath Nagar, Bibwewadi, Pune 411 037.

Date & Time
April - 12, 13, 19, 20, 26, 27 (Saturday & Sunday)   10am to 5.30pm 
&  May - 3, 4, 10, 11 & 17 (Saturday & Sunday)  10am to 5.30pm 

 Fees for Members :  Rs.  ₹ 17,700/- (Inclusive of all applicable taxes)

Please find the registration link for your batch :
 https://learning.icai.org/committee/itc-uae-pune-batch3/ 

Date
 Session
                             Session Details
Speakers Name
(Day 1)
12th April, 2025
Saturday
 
 Session 1
Time: 10:00 AM to 1.15 PM (including 15 mins break) 
 
  • Background and rationale of introducing CT in UAE 
Taxable income and Tax (UAE CT)
  • What is ‘income’
  • Capital gains and other capital receipts in
    terms of taxability (vs. Revenue receipts)
  • Rules relating to Income exempt from Tax
  • Rate of Corporate tax
  • Taxable Year
  • Manner of payment of tax and filing of tax return 
Expense deduction (UAE CT)
  • Limitations
  • Nondeductible expenses
  • Accounting or Financial Treatment  
CA. Piyush Bafna, Pune
 
Session 2
Time: 2.15 to 5.30 PM (including 15 mins break) 
 
 Taxable persons
  • Basis of taxation (resident vs non-resident)
  • Legal persons
  • When can a foreign entities be said to have a
    Permanent Establishment (PE) in UAE
  • Foreign entities that are effectively managed and controlled in UAE
Natural persons engaged in business / commercial activity in UAE` 
  • Person’s Not Covered by UAE CT
  • Persons not covered by UAE CT 
  • Private or family trust holding
  • Exempt persons
  • What are sovereign / mandated activities
  • Focus on Investment funds and conditions for their exemption 
CA. Piyush Bafna, Pune
 
 
 
 
(Day 2)
13th April, 2025
Sunday
Time: (10.00 A.M – 05.30 P.M)
 
 
 
Session 1
 
 
 
Double Taxation
  • Source and Residence Rules – Juridical Double Taxation
  • Model Tax Conventions on Double Tax Avoidance -
    Brief introduction of Articles 
CA Vivek Shah, Mumbai
 
 
 
Session 2
 
Residential status and its relevance
  • Worldwide taxation vs. Territorial taxation
  • Worldwide taxation in case of Legal persons
    incorporated in UAE and Foreign entities with PoEM in UAE
  • Territorial taxation of Natural persons
  • Taxation of NRs and Income from PE
  • Meaning of ‘UAE sourced income’
  • Art. 4 of OECD MC (‘Resident’) 
CA Vivek Shah, Mumbai
 
 
 
 
 
(Day 3)
19th April, 2025
Saturday
 
 
Session 1
 
 
Permanent Establishment
  • Concept of PE under Art. 5 of OECD MC (and under international context)
  • Fixed Place PE and Agency PE (referred to in the Consultation Paper)
  • Installation PE and Service PE (no referred to in the Paper)
  • PE of FZ persons in Mainland – Implications
  • Taxation of PEs – Attribution
  • Article 7 of OECD MC  
CA. Rajesh Vaishanav, Hyderabad
 
 
Session 2
 
Place of Effective Management (PoEM)
  • What is effective management
  • Meaning under OECD MC and international jurisprudence
  • Approach followed by specific countries
 Taxation of partnerships
  • Understanding various approaches followed internationally,
    for taxation of partnership –
    Fiscally transparent vs. Separate entity approach
  • Possibilities of double non-taxation – OECD Action Plan
  • Approach under UAE CT
  • Potential challenges
CA. Rajesh Vaishanav, Hyderabad
 
 
 
(Day 4)
20th April, 2025
Sunday
 
Session 1
 
Thin-Capitalization norms
  • OECD’s approach towards Thin-cap norms
  • Fixed ratio rule and Group ratio rule
  • Intra-group borrowing and need for ‘Valid commercial reasons’
  • Safe-harbor protection 
Certain incomes that are exempt
  • Participation Exemption
  • Dividend and Capital Gains – Shareholding in FZP
CA Gaurav Singhal, Delhi
 
 
 
Session 2
 
 
 
Taxation of Free Zone Persons (FZP)
  • Incomes that are unconditionally exempt
  • Regulated financial services directed at foreign markets
  • Profit from Mainland branch (allocation of income and expenses)
  • Transaction between FZP and its group company
    in Mainland UAE – Trade off
  • Disqualification from 0% CT rate vs. Opting out of 0% CT rate 
Computation of taxable income
  • Accounting profits
  • Accounting standards and calculation of Accounting profits or losses
  • Adjustment for exemptions, disallowances
  • Unrealized gains / loss – Capital vs. Revenue items
  • Thin-capitalization: Interest expense capping
Relief for small business / start-ups – Simplified financial and tax reporting
CA Gaurav Singhal, Delhi
 
(Day 5)
26th April, 2025
Saturday
 
 
Session 1
 
Offset of tax losses
  • Meaning and mechanism of carry forward of tax losses
  • Change in shareholding
  • Losses that cannot be carried forward
Group taxation
  • Concept of Group level tax consolidation (and conditions)
  • Benefits and disadvantages
  • Transfer of losses where there is no consolidation
Tax exemption / deferral for inter-company transfer of asset or liabilities
 
 
CA. Jai Kumar Tejwani, Delhi
 
 
Session 2
 
Corporate reorganizations
  • Tax neutrality – International experience
  • Tax exemption / deferral for transfer of business under share swap
  • Cross-border corporate reorganizations 
Administration
  • Registration and de-registration
  • Filing, payment and refund
  • Assessment
  • Documentation requirements
  • Transitional Rules
 
CA. Jai Kumar Tejwani, Delhi
 
 
 
 
 
(Day 6)
27th April, 2025
Sunday
 
 
Session 1
 
 Overview of articles of OECD MC
  • Article 12 - Royalties and Fees for Technical Services
CA. Prerna Peshori, Pune
 
 
Session 2
 
Overview of articles of OECD MC
  • Article 10 – Dividend
  •  Article 11 – Interest
  • Article 6 - Income from Immovable Property
CA. Prerna Peshori, Pune
 
 
 
 
(Day 7)
3rd May, 2025
Saturday
 
 
Session 1
 
 Overview of articles of OECD MC
  • Article 13 - Capital Gains
Relief from double taxation
  • Exemption vs. Credit Method
  • Foreign Branch Profit exemption
  • Foreign Tax Credit – Concept and computation
  • FTC under DTAAs
CA. Sachin Sastakar, Pune
Session 2
 
  • An Overview of Transfer Pricing
  • Development of UAE CT Transfer Pricing Regulations
  • Concept of  Functional Analysis
CA. Rishabh Agarwal, Delhi
 
 
 
 
(Day 8)
4th May, 2025
Sunday
 
Session 1
 
Comparability Analysis
  • Selection or rejection of comparable
  • Timing issues in comparability
  • Arm’s length range
CA. Rishabh Agarwal, Delhi
 
 
Session 2
 
Comparability Analysis
  • Multiple year data
  • Location specific advantages (Including location
    savings and market premium)
  • Comparability adjustments 
CA. Rishabh Agarwal, Delhi
 
 
 
 
(Day 9)
10th   May, 2025
Saturday
Session 1
 
Selection of Transfer Pricing Methods 
  • Selection of most appropriate method 
CA Praneeth Narahari, Hyderabad
Session 2
 
Documentation and Drafting
  • Transfer Pricing Study Report
  • BEPS requirements Action Plan 13 - Concept of 3 tiered system –
    • Master File
    • Country by Country report
    • Local File
CA Praneeth Narahari, Hyderabad
 
 
 
 
 
(Day 10)
11th May, 2025
Sunday
 
 
 
 
 
Session 1
 
Overview of BEPS 
  • BEPS 2.0 – Pillar 1 and 2
  • Global minimum effective tax rate
Pillar 1 of BEPS 2.0
 
CA Soumitra Chakraborty, Bangalore
 
 
Session 2
 
Overview of BEPS
  • Introduction to BEPS and its Action Plans
  • Treaty Abuse and Treaty shopping
  • Reading of DTAAs with the MLI (and relevance of synthesized text)
    • OECD and G20 inclusive framework on BEPS
 
 
CA Soumitra Chakraborty, Bangalore
 
 
 
 
(Day 11)
17th May, 2025
Saturday
 
 
Session 1
 
BEPS Action Plans 8-10: Aligning Transfer Pricing
Outcomes with Value Creation
  • Transfer Pricing and Royalties and Services
  • Business Restructuring
CA Somesh Agarwal, Pune
 
 
Session 2
 
 Dealing with controversies
 Potential challenges in UAE CT and TP
 MAP and APA
CA. Sachin Agarwal, Pune
 
 

For Any Query
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.                                                        Call : 1203045923

Coordinator Name : Nilesh , M : 8237166006

 

Event Information

Event Date 17-05-2025 10:00 am
Event End Date 17-05-2025 5:30 pm

ICAI Bhawan

Pune Branch of WIRC of ICAI
‘ICAI Bhawan’, Plot No. 8,
Near Mahavir Electronics,
Parshwanath Nagar, Bibwewadi,
Pune - 411 037, Maharashtra, India.

82371 66002
pune[at]icai[dot]org

             

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THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
(Setup by an Act of Parliament)

Pune Branch of WIRC of ICAI
‘ICAI Bhawan’, Plot No. 8,
Near Mahavir Electronics,
Parshwanath Nagar, Bibwewadi,
Pune - 411 037, Maharashtra, India.

Working Hours

Monday to Saturday (Except Public Holidays) 10.00 am to 6.30 pm
(Lunch Break 1.00 pm to 1.30 pm)