Page 41 - AGM Report 2023

20 22|23 ANNU AL REPOR T

Double Taxation Avoidance Agreement in UAE with GCC countries, 30 Aug 2022

The FoTac group conducted a session
on DTAA in UAE with GCC, on
30.08.2022 at Grand Excelsior. With
the news on Corporate Tax being
implemented in the UAE, International
taxation has gained much significance.
One such topic of relevance is the
Double Taxation Treaty with other
GCC nations. To throw some light
on the practical aspects we had an
experienced speaker, CA Asiya Zargar,
Head of Tax Asia Pacific, Middle East
and Africa with SAP, talk about the
general understanding of DTAA and
touched upon provisions between UAE
and KSA. The session was attended
by about 40+ members. The session
was made more interesting with our
members raising some practical
challenges they faced with regards to
applying for a withholding tax refund
and tax residency certificates which
are the topics of DTAA for most
organizations.

One Full Day Comprehensive Master Class on Transfer Pricing, 4 Sept 2022

With the increasing requests from the This comprehensive Master Class one day masterclass covered topics
members for workshops on Transfer involved intense learning by way of such as fundamentals of the Transfer
Pricing and to gear up with the upcoming engaging experts with vast experience Pricing, importance of functional
Corporate Tax in the UAE and fulfilling in this field who simplified the critical & economic analysis, importance
the Requirement of Transfer Pricing, aspects of transfer pricing by taking of documentation”, discussion on
the Managing Committee of the ICAI examples out of their practical specific transactions such as intra
(Dubai) Chapter NPIO conducted One experiences, using specific case group services, intangibles, financial
Full Day Comprehensive Master Class studies, giving detailed handouts transaction & business restructuring
on Transfer Pricing and more importantly by keeping and much more.
the session very Interactive. This

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