The Dubai Chambers recently held two workshops focused on corporate tax regulations and labor law in the United Arab Emirates, attended by 125 representatives from the private sector. The initiative aimed to enhance the local business community’s ability to adapt to the latest legal and regulatory developments across various sectors.
The first workshop, organized in collaboration with Habib Al Mulla and Partners and Andersen Financial and Tax Consulting, concentrated on the corporate tax system in the UAE. Participants gained practical insights into essential aspects of corporate taxation, encompassing the applicability of the tax, calculation mechanisms, corporate taxes in free zones, tax groups, compliance with transfer pricing requirements, among other tax-related processes and procedures.
Additionally, the workshop addressed expense deductions for businesses, the prerequisites for filing tax returns, and considerations for current and deferred tax calculations. Attendees acquired comprehensive knowledge that equips them to effectively prepare for changes in the tax landscape.
The second workshop, conducted in partnership with Fragomen UAE and Gatilly Middle East, focused on labor law and regulations within the UAE. It provided an overview of the legal framework governing the labor market, enabling participants to gain practical information regarding visa requirements, classifications, and work permits.
This session covered crucial aspects of the hiring process, such as probation periods, salaries and benefits, performance management, grievance procedures, and termination of service, thus enabling companies to manage their human capital more effectively while ensuring compliance with existing laws and regulations.
These events reflect the Dubai Chambers’ commitment to fostering the growth and prosperity of businesses operating within the emirate. By facilitating extensive sessions led by specialized experts on critical legal and regulatory topics, the Dubai Chambers continue to enhance the competitiveness of local companies and encourage their contributions to the sustainable economic development of the region.