The UAE Federal Tax Authority (“FTA”) has announced that it will introduce corporate income tax (“CIT”) in the UAE for fiscal years starting on or after 1 June 2023. Last month, the UAE Ministry of Finance (“MoF“) released a Consultation Paper that provides key elements of what the CIT regime will look like.
The proposed CIT regime in UAE will create tax implications for Kuwaiti companies and entrepreneurs doing business / investing in the UAE. The consultation paper also makes it clear that transfer pricing will be introduced in the UAE.
Companies with business / investments in the UAE will need to assess the tax impact and get ready for this new and unprecedent CIT development in the UAE. As per the information released by MoF, there will be CIT implications for GCC companies doing business in the UAE.
Join BDO tax experts in this seminar to learn more about UAE CIT, and how it will affect your business. Our team will also highlight key transfer pricing implications. There will be an opportunity to hear tax insights from distinguished panelists.
The webinar will cover:
- Overview of UAE CIT
- UAE CIT and implications for Kuwaiti operating/investing in UAE
- Transfer pricing obligations
- Recent tax/zakat development in GCC
There will also be a Panel Discussion containing experts from leading companies in Kuwait, and a Q&A session.
Event Details :
Date: 8 June 2022
Time: 9.30am to 11.30am (registration starts 9:00am)
Location: Bubyan ballroom, Radisson Blu, Kuwait
BDO Speakers:
Rami Alhadhrami
Ketan Puri
Ahmed Amin
Registeration: please email seminar@bdo.com.kw
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