Connected Persons Schedule
The purpose of this schedule is to disclose some of your high value transactions with a Connected Person as defined in Article 36 of the Corporate Tax Law.
The Schedule is to be completed only if the aggregate value of transactions with Connected Persons (including their Related Parties) exceeds AED 500,000.
Not all Connected Person transactions are required to be disclosed here. This schedule should be completed for each Connected Person where the aggregate payment or benefit exceeds AED 500,000 per Connected Person (together with its Related Parties).
For each reportable transaction, provide the details requested below.
- Name of the Connected Person
- Corporate Tax TRN/TIN (where available)
- Payment or benefit
- Description
- Value of the payment or benefit provided by the Taxable Person to the Connected Person - If there is more than one payment made and benefit provided by the Taxable Person to the same Connected Person, report the amount of the respective payments and benefit separately (i.e. do not net them off).
- Market Value of the service or benefit provided by the Connected Person
- Adjustment for transactions with Connected Persons
Related Party transaction Schedule
This Schedule should be completed by all Taxable Persons who have transactions with Related Parties in the Tax Period where the aggregate value of all transactions with all Related Parties recorded in the Financial Statements or at Market Value exceeds AED 40 million.
Once you exceed the above threshold, transactions with Related Parties where the aggregate transaction value per category exceeds AED 4 million, must be disclosed.
Note that Dividends declared between Related parties do not need to be disclosed in this schedule and should not be taken into account in determining the AED 40 million or AED 4 million thresholds referred to above.
In the schedule, gross income (Revenue) and expenditure should be reported separately. Figures are required for each Related Party in aggregate by type of income and/or expenditure.
For each reportable transaction, provide the details requested below.
- Name of the Related Party
- Transaction type
- Tax Residence
- Corporate Tax TRN/TIN (where available)
- Gross income/expenses
- Transfer Pricing method applied
- Description of the other Transfer Pricing method applied
- Arm’s Length Value
- Tax adjustmen
UAE Dividends Schedule
If you have received Dividends and/or profit distributions from juridical persons that are Resident Persons under the UAE Corporate Tax Law, for instance a UAE company, provide details for each entity declaring a Dividend or making a profit distribution in this schedule.
Dividends or other profit distributions received from Exempt Persons should not be included in this schedule.
The purpose of this schedule is to provide details of and calculate the total amount of Dividends or other profit distributions to be deducted from Accounting Income for purposes of determining Taxable Income.
1.1 Company Name - Enter the name of each juridical person that is a Resident Person from which you have received Dividends or other profit distributions in the Tax Period.
1.2 Company Corporate Tax TRN - For each juridical person added in field 1.1, enter its TRN for Corporate Tax purposes issued by the FTA. If the TRN is not available, leave the box blank. Note that if a company does not have a TRN, it may not be a UAE Resident Person, in which case its Dividend or profit distribution should not be included in this schedule.
1.3 Profit distribution received - Enter the amount received in the Tax Period. If you have received more than one Dividend or profit distribution from the same entity in the Tax Period, enter the total amount. If the amount is received in a foreign currency, convert the amount into AED
Contributor
CA Saurabh Dugad is a qualified Chartered Accountant and M.Com graduate with strong expertise in UAE Corporate Tax, VAT, Transfer Pricing, International Taxation, Pillar II, and AML compliance. With over 8 years of combined experience across India and the UAE, he has managed complex tax functions for multinational groups, including corporate tax structuring, global compliance, CbCR reporting, and Pillar II implementation. He currently serves as Deputy Tax Manager at Global Feeder Shipping LLC (AD Ports Group), overseeing tax affairs for 32+ entities across multiple jurisdictions. As the founder of GURUGYAN CA Academy, he also brings significant teaching experience, conducting professional training in taxation, law, and compliance.
