Page 28 - ICAI Newsletter - 1st Quarter 2024

Event Recap Event Recap

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

Navigating UAE Corporate Tax Subtle Nuances

st
1 June 2024

The ICAI Dubai Chapter recently hosted intricate details of Corporate Tax It also offered practical strategies for
a highly successful event, “Navigating Accounting and its Nuances. effective tax management, essential
UAE Corporate Tax Subtle Nuances,” for business leaders, financial
on June 1st. This event provided an in- - CA Manu Palerichal, CEO and professionals, and tax advisors alike.
depth exploration of the new corporate Founding Partner of Emirates
tax regulations in the UAE, a crucial Chartered Accountants Group, Members had the opportunity to
topic as the nation continues to evolve enlightened attendees on Tax-Free engage with the speakers, gaining
its fiscal landscape. Understanding Treasures: Discover What’s Truly Free valuable insights and answers to
these changes is essential for in Free Zones. pressing questions about the evolving
businesses to maintain compliance tax environment in the UAE. The Q&A
and leverage potential benefits. The - Mr. Shiraz Khan, Partner and Head of session, led by Vice Chairman CA Jai
event was inaugurated by Chief Guest, Taxation at Al Tamimi and Co, detailed Prakash Agarwal, was instrumental
Mr. Paras Shahdadpuri, Chairman the Procedures and Processes in in equipping members with the
of the Nikai Group, whose opening Corporate Tax to Resolve Differences knowledge and tools necessary to
remarks set a positive tone for the and Disputes. navigate the complexities of the new
day’s discussions. The event featured tax regime confidently.
an impressive lineup of esteemed - CA Sandeep Kumar, Associate
speakers and panelists, who shared Partner at WTS Dhruva, explored the ICAI Dubai Chapter Chairman CA
their expert insights on various aspects Complex Concepts of POEM, PE, and Rajesh Somani and Secretary CA Rishi
of the UAE’s corporate tax laws: Non-Residents under Corporate Tax in Chawla expressed their gratitude to
a very interesting way interacting with the speakers and attendees for making
- CA Prateek Bothra, Vice President - the ICAI members. the event a significant success. Their
Taxation at Gulf Islamic Investment, leadership continues to foster a strong
provided a comprehensive overview The event took a holistic approach to community of professionals committed
on Registration and Compliance in addressing the nuances of corporate to excellence and staying ahead in the
Corporate Tax Law. tax in the UAE, providing attendees ever-changing fiscal landscape of the
with a comprehensive understanding of UAE.
- Mr. Basel Arafe, Engagement Tax the recent changes in the law and their
Partner at Deloitte, discussed the implications across various sectors.

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