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Member Articles

Delhi Private School

Dubai. Sharjah. NDPS. Ras Al Khaimah.
The four campuses of Delhi Private Schools in the UAE: Sharjah, Dubai, NDPS

and recently, Ras al Khaimah, were established to meet the educational Opportunities For Ca’s In The
requirements of the Indian expat community in the UAE. The schools have Uae Corporate Tax
garnered a reputation of excellence in academic and co-curricular areas and are

acknowledged for their rich contribution to education in India, UAE and
internationally. zone operations structuring, inter-company (‘IC’)
CA Nanjundasway Thandre
The CBSE curriculum has been aligned, modified and enhanced creatively in line Channabasappa funding, deductibility of expenses, arm’s length pricing
of IC transactions, permanent establishment evaluation,
with the vision of the school, international best practices and the requirements of merger and acquisition, tax due diligence review, etc.

the UAE. The ethos of the schools integrates stellar traditional Indian values with “As with any new regulations the UAE Corporate Tax 3. Audit defense: As Chris Rock has summarized it, ‘you
global and futuristic aspirations. (‘CT’) regulations also brings in various opportunities. don’t pay taxes- they take taxes’. Tax laws have not been
The schools welcome children from all backgrounds and abilities. The schools’ In the larger interest of the profession, I’ve made an without disputes. One of the best ways to handle such
disputes is to anticipate and prepare for it in advance.
motto “Service Before Self” is the inspiration guiding its value-based curriculum attempt to list out a few opportunities. Although the Ambiguity in the tax laws requires to be identified and
proposed CT in the UAE is likely to be simplified without
that emphasizes empathy, responsibility and caring for others. Students are the requirement of advance tax or withholding tax, addressed. Apart from the domestic dispute resolution
motivated to be responsible global citizens and sensitized to issues such as there are a lot of opportunities for the CAs in practice. opportunities, members will have the opportunity to
get involved in the international dispute prevention on
environment conservation, respect for other cultures and conflict resolution. The 1. Compliance projects: Registration, exemptions and Advance Pricing Agreements (APA) and resolution on
schools strongly advocate integration by facilitating an understanding of Emirati free zone exemptions specifically, computation of Mutual Agreement Procedures (MAP) considering the
tax and transfer pricing are some of the compliance
values, culture and aspirations. assignments which will provide a stable revenue for the double taxation treaty network the UAE has established.
Learning is experiential and research, innovation, creativity is encouraged to practitioners. As the regime matures, there’ll be likely It’s important for the members to be aware of connected

enable lifelong learning. increase in compliances. legislations including, but not limited to the UAE
companies act, CBUAE, SCA, DFSA/ FSRA regulations,
The rich co- scholastic program is enhanced by confidence-building leadership 2. Advisory projects: With the introduction of CT, there free zone regulations and others. Similarly, it also is
skills; spiritual and moral growth is enhanced through life-skills workshops and would be multiple projects requiring advisory inputs important to keep abreast about the changes in the tax
from the CA fraternity. The projects could be as simple
every day pastoral care. as evaluation of applicability of CT to as complex as world as well, especially considering the changes of the
century in the taxes globally.
Self-reflection and goal setting result in thoughtful career choices. The ethical use transfer pricing model evaluation. Advisory projects will Disclaimer: “Views are personal. “
of technology for research, innovation and collaboration is a hallmark of the be spread far, wide, and in-depth. These projects require
not just technical knowledge and analytical skills, but
curriculum. also the ability to think through the implementation
The community and parents are considered important stakeholders in creating a steps. Some of the advisory projects would be free
harmonious system and their active participation is encouraged.
The schools’ visionary management, transformational leadership, passionate

teachers, engaged students and supportive parents, integrate harmoniously into the
vibrant society of UAE and continue to blaze a trail of glory and achievement.

www.icaidubai.org 123

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