A 5% Value-Added Tax (VAT) was introduced in the United Arab Emirates (UAE) on 1 January 2018. On 1 June 2023 on a go-forward basis whenever the first financial year started, a 9% corporate tax was introduced for businesses with a taxable income exceeding AED375,000 (~S$131,200*). That is not all. In October 2023, the first
transfer pricing guidelines was published.
Fast forward to today. Much continues to happen in UAE. How have companies with presence (or should we say ‘substance’) in UAE managed these transitions and ongoing developments? What should companies note when venturing into UAE? Where are the potential pitfalls and what are the essential pointers to note when it comes to compliance and reporting?
Whether you are curious on the intricacies of international tax or have oversight of the region, join Mr Thomas Vanhee, Founding Partner of Aurifer Middle East Tax Consultancy, with over eight years of experience in Dubai and have firsthand experience assisting companies through the implementation of not just VAT, but also corporate tax.
*Source: xe.com on 10 August 2025.
- Get an update and a strategic overview of the taxation landscape in UAE
- Understand the various options of entry such as free zone entities and the corresponding implications and potential pitfalls
- Hear about practical issues and possible challenges Singapore-based companies may face in terms of tax compliance such as managing UAE-sourced income
- Gain insights on key pointers on documentation, transfer pricing and navigating through potential tax controversies
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