This course provides a comprehensive overview of the key aspects of the UAE's Federal Decree-Law No. 47 of 2022. It covers eligibility criteria for Small Business Relief, including revenue thresholds and excluded business types, while guiding participants on managing tax losses and interest deductions. Additionally, the course delves into the concept of artificial separation of business activities and its impact on tax relief eligibility, ensuring compliance with the law. By the end, learners will be equipped to navigate tax regulations, optimize relief options, and avoid penalties.
1. Introduction to UAE Corporate Tax Law and Small Business Relief
- Overview of Federal Decree-Law No. 47 of 2022
- Key elements of Ministerial Decision No. 73 of 2023
- Eligibility and criteria for Small Business Relief
- Compliance requirements
2. Revenue Thresholds and Eligibility Criteria
- Revenue thresholds for Small Business Relief
- Determining eligibility under Article 2
- Types of excluded businesses
- Restrictions for resident persons and excluded entities
3. Managing Tax Losses and Interest Deductions
- Rules for tax loss relief
- Conditions for carrying forward tax losses
- Interest deduction limitations under Small Business Relief
4. Artificial Separation of Business Activities
- Definition and implications of artificial separation
- Authority’s evaluation criteria for tax manipulation
- Impact on eligibility for Small Business Relief
5. Compliance and Penalties
- Compliance obligations under the Corporate Tax Law
- Penalties for non-compliance or artificial separation
- Maintaining proper records and avoiding financial penalties
