Page 26 - AGM Report 2023

20 22|23 ANNU AL REPOR T

UAE Corporate Tax Demystify The Public Consultation Document, 21 May 2022

UAE Corporate tax event was held on Basics of Corporate tax (CT) and the the need for embracing technology and
the 21st of May 2022 at the Sheikh intention of UAE in adopting the law digitalisation in taxation domain while
Rashid Auditorium in Indian High was discussed in detail along with preparing for implementation for this
School, Oud Mehta with an over- many other relevant aspects such as first time introduced direct tax in UAE.
whelming response from the members tax rates, types of income exempt from Speakers left no stone unturned and
as the event was attended by 500+ CT, impact on free zone companies etc picked up all the complex areas in public
professionals. Speakers for the event included CA consultation such as transfer pricing
Nilesh Ashar (Tax partner at KPMG), rules along with various methods,
The tone of the session was set by Mr. Francesco Marconi (Partner definition of related parties, possibility
discussing some of the most intriguing international tax, Anderson UAE/ of making tax groups, applicability of
areas such as taxability on non- Italy), CA Manoharan Palerichal (CEO, OECD guidelines in selecting methods
Residents, concept of permanent Emirates Chartered Accountants to be used for determining the arm’s
establishment, expected transfer Group), CA Amit Mehta (Associate tax length pricing of transactions.
pricing rules. partner, UHY James). Speakers shared

ICAI Dubai Mens Cricket Tournament 2022, 22 May 2022

In coordination with CA Manoj Agrawal (Anderson, RNG, Jaipur Panthers, team RNG. Gold trophy was for the
and CA Jai Prakash, ICAI Dubai Premier Brains, KRV and MCA) for few winning team and silver trophy was for
Chapter yet again organized one of teams which created a very different the runner up team along with individual
the most popular event of the year level of enthusiasm. trophy to each member. Medals were
“ICAI Dubai Cricket Tournament” also given to man of match for each of
which was organised at Insportz Club, It was a great tournament with so many the match played in the tournament.
Al Quoz, Dubai. The tournament close finishes that kept spectators on The tournament ended with distribution
received a thundering response from the edge of their seat. The event was of trophies to winner first runner up
the members with teams for men’s this organized with qualifying matches that along with league performer trophies
year increased to 32 teams compared lead to quarter finals, semi-finals and for best bowler, best batsman and
to 21 teams last year. The twist for then finals. Winner of the tournament player of the tournament.
this year was that we had sponsors was team Anderson and runner up was

26 www.icaidubai.org