Page 4 - ICAI UAE TAX UPDATE_AUGUST 2024

From the

CHAIRMAN

Dear Esteemed Members,

As we continue our journey through 2024, I am pleased to bring you the August edition of our
monthly tax updates newsletter. The engagement and insightful feedback from our community
have been instrumental in shaping this publication, and it remains our priority to deliver timely
and relevant content to support your professional needs.

This month, we delve into topics that are critical for navigating the evolving tax landscape in the
UAE and the GCC region. Our feature articles include:

• UAE Corporate Tax – Determining Taxable Income: A detailed exploration of the
mechanisms and key considerations for calculating taxable income under the UAE
Corporate Tax regime, providing guidance to ensure compliance and accuracy.

• VAT Impact on Education-Related Transactions in the UAE: An in-depth analysis of how
VAT is applied to education-related services and transactions in the UAE, including
recent updates and practical implications for institutions and service providers.

• GCC Updates: A roundup of the latest tax and regulatory developments across the
GCC region, highlighting significant changes and their potential effects on businesses.

These articles reflect the commitment and expertise of our editorial team, along with the valuable
contributions from our members. Our goal remains to equip you with the knowledge and insights
needed to navigate the complexities of the tax environment with confidence.

I encourage you to continue engaging with this newsletter through your feedback and
contributions. Together, we are fostering a culture of continuous learning and professional
development within our community.

Thank you for your continued support of the ICAI (Dubai) Chapter. Let’s work together to
strengthen our platform for knowledge sharing and collaboration.

Warm regards,
CA Rajesh Somani
Chairman,
ICAI (Dubai) Chapter NPIO

4 www.icaidubai.org

UAE TAX UPDATE NEWSLETTER ISSUE 05 - August 2024