Decoding UAE’s New Business Tax Law

Could the new UAE corporate income tax law affect your tax liability? Explore the ins and outs of this new legislation with me your host, Jimmy Sexton, as we delve into the implications and uncertainties it brings to the table. This episode promises to guide you through the complexities of tax transparency for trusts, the concepts of free zones, and the differentiation between qualifying and non-qualifying income.

We'll also tackle the intricate details of the new law's application to foundations formed in RAC ICC and the treatment of trusts formed in DIFC and ADGM. In addition, we discuss potential tax planning strategies to navigate through these waters. Strap in for an enlightening journey as we dissect the new UAE corporate income tax law and its impact on UAE trusts and foundations.

Chapter Summaries;

0:35 - Introduction to the podcast episode

1:30 - Discussion on the new UAE corporate income tax law enacted in 2022 and its implications on taxation

3:15 - Examination of the law's application to foundations formed in RAC ICC

5:00 - Delving into the treatment of trusts formed in DIFC and ADGM

6:30 - Discussion on tax transparency for trusts

8:00 - Exploration of free zones, qualifying free zone persons, and their influence on the taxation process

10:00 - Differentiation between qualifying and non-qualifying income and its effect on tax liability

11:30 - Strategies for dealing with the new corporate income tax law

13:30 - Conclusion and Call to Action

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• Website: esquiregroup.com

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