Tax Returns

Contents

1. Glossary

2. Introduction

1. 2.1. Overview

   2.2. Purpose of this guide

   2.3. Who should read this guide?

   2.4. How to use this guide

   2.5. Legislative references

   2.6. Status of this guide

3. Overview of a Tax Return

1. 3.1. Taxable Person details

   3.2. Elections

   3.3. Tax computation

   3.4. Tax Period

   3.5. Tax Return schedules

   3.6. Required documents

4. Taxable Person details

1. 4.1. Fields relevant to natural persons

   4.2. Fields relevant to juridical persons

   4.3. Fields relating to Free Zones

   4.4. Fields relevant to Unincorporated Partnerships treated as separate Taxable Persons

   4.5. Fields relevant to Tax Groups

5. Elections

1. 5.1. Realisation basis

   5.2. Transitional rules

   5.3. Small Business Relief

   5.4. Transfers within a Qualifying Group

   5.5. Business Restructuring Relief

   5.6. Foreign Permanent Establishment

6. Accounting Schedule

1. 6.1. Overview

   6.2. Audit

7. Accounting adjustments and Exempt Income

1. 7.1. Accounting Income

   7.2. Fields pertaining to the Equity Method of Accounting

   7.3. Fields pertaining to partners in an Unincorporated Partnership treated as a separate Taxable Person

   7.4. Fields pertaining to ‘Income/Losses which will not subsequently be reported in the income statement’ Schedule

   7.5. Realisation basis adjustments

   7.6. Transitional rules adjustments

   7.7. Exempt Income

   7.8. Foreign Permanent Establishment exemption

   7.9. International aircraft/shipping income

8. Relief

1. 8.1. Transfers within a Qualifying Group

   8.2. Business Restructuring Relief

9. Other adjustments

1. 9.1. Adjustments for non-deductible expenditure

   9.2. Adjustments for Interest expenditure

   9.3. Transactions with Related Parties and Connected Persons

   9.4. Adjustments for income and expenditure derived from a Qualifying Investment Fund

   9.5. Other adjustments

10. Tax Liability and Tax Credits

1. 10.1. Taxable Income

   10.2. Tax Losses

   10.3. Tax Group Tax Losses

   10.4. Tax Calculation and Tax Credits

   10.5. Estimated / provisional figures included in the Tax Return

11. Review and declaration

12. Free Zone Schedules

1. 12.1. Free Zone Schedule

   12.2. Free Zone Income from Intellectual Property Schedule

13. UAE Dividends Schedule

14. Foreign Permanent Establishment Schedule

1. 14.1. Eligible Foreign Permanent Establishments – prior Tax Periods

   14.2. Eligible Foreign Permanent Establishments – current Tax Period

   14.3. Ineligible Foreign Permanent Establishments

15. Tax Credit Schedule

1. 15.1. Foreign Tax Credits

   15.2. Foreign Tax Credit attribution – Tax Groups

16. Related Party transactions and Connected Person Schedules

1. 16.1. Related Party transaction Schedule

   16.2. Connected Persons Schedule

17. Tax Losses Schedules