Page 25 - ICAI Newsletter - 1st Quarter 2024

Event Recap

Issue from 01 April 2024 to 30 June 2024 (for private circulation only)

Dissecting Taxability of Free Zone

23 May 2024
rd

With the much-awaited release of potential challenges of operating in The event featured practical case
free zone guide on 20th May 2024, these zones, including tax exemptions studies and real-world examples,
Our ExCom member CA Aashna and strategic incentives, while also enhancing the understanding of how
Mulgaonkar & CA Balaram Reddy addressing common misconceptions free zone tax policies impact business
co-ordinators of Tax Focus Group and compliance pitfalls. operations. An interactive Q&A session
organised an event on 23rd May 2024, allowed attendees to engage directly
titled “Dissecting Taxability of Free The focus of the discussion was on with Mr. Khator, gaining personalized
Zone,” featured a deep dive into the understanding and leveraging the insights and advice relevant to their
complexities of free zone taxation, led distinct regulatory frameworks of free business scenarios.
by the renowned tax expert, CA Dinesh zones, which vary significantly across
Kumar Khator. different jurisdictions. Khator provided CA Dinesh Kumar Khator’s guidance
essential strategies for ensuring equipped attendees with the
Dinesh Kumar Khator offered an in- compliance and optimizing financial knowledge and tools necessary to
depth examination of the tax structures benefits, emphasizing the need for navigate the tax complexities of free
governing free zones. His presentation tailored financial planning based on zones confidently, making this a highly
highlighted the unique benefits and specific free zone regulations. successful gathering for all involved.

1 QUARTER RECAP
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01 April 2024 to 30 June 2024 www.icaidubai.org 25