The UAE Corporation Tax Reforms: A Guide to the New Regime for Non-Tax Professionals - Webinar

Introduction

As the UAE rolls out its new Corporate Tax regime, understanding its implications is no longer just the responsibility of finance teams - it is essential knowledge for professionals across all functions. Regardless of your field, the decisions you make every day could now have tax consequences.

This webinar will provide you with a clear, practical understanding of how Corporate Tax affects your role, your department, and your business as a whole. By the end of this webinar, you will be better equipped to collaborate across teams, avoid compliance risks, support strategic decisions, and communicate confidently with clients and partners. In today’s evolving business environment, being tax-aware is not just helpful, it is a professional advantage. Join us to build confidence and clarity around this important change.

What You Will Learn

This short introductory webinar will cover the following:

Increased Compliance Requirements

• Businesses must register for VAT and Corporate Tax, maintain detailed financial records, and submit periodic returns
• There is a need for robust accounting systems, internal controls, and often professional tax advisors
• Non-compliance results in penalties, making it essential to stay updated with evolving tax laws

Cost of Doing Business

• Tax administration adds direct costs (e.g., hiring accountants, upgrading software) and indirect costs (e.g., employee training, compliance time)
• Companies must reassess pricing, profit margins, and supply chain structures to accommodate tax impacts

Foreign Investment Perception

• Introduction of tax reduces the UAE’s status as a ‘tax haven’ but aligns it with global norms, especially OECD frameworks
• May slightly dampen foreign investment appeal for tax-driven investors, but it improves credibility and reduces the risk of international blacklisting

Effect on SMEs

• Small and medium enterprises face relatively higher administrative burdens, especially in early compliance phases
• The tax threshold for corporate tax (currently AED 375,000 profit) shields many micro-businesses, but VAT affects all firms with turnover above AED 375,000 annually

Economic Formalization

• Encourages record-keeping and transparency, helping curb money laundering and improve economic data accuracy
• Brings more businesses into the formal economy, increasing accountability

Legal & Structural Reforms

• Implementation of taxes drives updates in business structures, such as rethinking free zone operations, holding companies, and transfer pricing strategies
• Cross-border businesses must navigate international tax obligations and double taxation agreements

This pre-recorded webinar will be available to view from Wednesday 16th July 2025

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