“I got the opportunity to work with Manish during my tenure with Schneider electric. He have worked together on quite a few key tax projects wherein Manish demonstrated excellent technical and managerial skills. He follows an open to learn approach while working. He has been consistently recognised for his contribution which is evidently reflected in his career growth. As a person he is very friendly and carries positive attitude in life. I would like to work with him again given an opportunity.”
نبذة عني
Chartered Accountant with 12 years of experience in Taxation. Handled VAT, Excise & Service tax in initial stage of my career and then moved to Corporate Income tax and Transfer Pricing. Acted as Internal Tax Expert for International projects and also handled Income tax litigation at various forums, independently as well as with advisor's assistance. Successfully assisted in GST implementation in India before taking charge of VAT implementation in UAE & KSA.
Evaluated as High performer for continuously three years and also awarded thrice for being effective.
Selected for Internal six month leadership programme and also awarded as member of Schneider Internal Trainers community. Strong on Interpretation and people skills. Ready for new challenges and always received high points on behavioural front being straight forward and open.
النشاط
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My experience has always been memorable when I deliver any session with ICAI UAE Dubai and last saturday was no different. Best part of having…
My experience has always been memorable when I deliver any session with ICAI UAE Dubai and last saturday was no different. Best part of having…
تمت المشاركة من قبل Manish Arora
الخبرة
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التعليم
التوصيات المستلمة
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مستخدم LinkedIn
شخص واحد قدم توصية لـManish
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استكشاف مزيد من المنشورات
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AJMS LG
✅ AJMS TAX ALERT⁉ ✅ UAE Releases Comprehensive Guidelines on Qualifying Investment Funds for Corporate Tax Purposes ✅ In a significant development for the UAE's investment landscape, the Federal Tax Authority (FTA) issued Decision No. 81 of 2023, which provides detailed conditions for investment funds to qualify for exemption from Corporate Tax under Federal Decree-Law No. 47 of 2022. This news alert aims to provide a comprehensive overview of the decision, highlighting key points and offering practical examples to help investors and fund managers navigate the new regulations. #UAETax #InvestmentFunds #CorporateTax #TaxGuidelines #FTA #UAEInvestments #TaxExemption #TaxRegulations #TaxLaw #FinanceNews Dr. Abhishek Jajoo Komal Dhoot Vivek Mundhra Alok Bishnoi Muhammad Altaf Hussain Armughan Siddiqui Nat Vora P Satish Menon CA Gaurav B. Rizwan Khan,MSC Financial Crime, Manchester Univ. (DFSA Approved Senior MLRO) Mirza Almarzooq CA Vinit Jain Faizan Ahmed Sunil Ravikumar Ajit Jain AJMS Global
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Ascentia Academy
*UAE FTA Issues CT Clarification on Registration Timelines for Taxable Persons* On June 4, 2024, the UAE Federal Tax Authority (FTA) released a Corporate Tax (CIT) Public Clarification (CTP001), detailing the requirements for Taxable Persons to submit a Tax Registration application for CIT purposes. Key points include: *1. Registration Deadlines:* All Taxable Persons must register by the deadlines set by the FTA. Failing to do so will incur a penalty of AED 10,000. *2. Applicable Entities:* *Juridical Persons (Residents and Non-Residents):** Includes Free Zone and Offshore Companies. Registration depends on incorporation date, establishment, or recognition under UAE law. ***Natural Persons: ***Subject to specific timelines based on their status. *3. Specific Cases:* For Resident juridical persons, the timeline depends on the original Licence issuance date, even if the Licence has expired but not been cancelled. For Non-Resident juridical persons with a Permanent Establishment (PE) in the UAE, registration must occur within nine months from the recognition of the PE, starting December 1, 2023, at the earliest. **4. Enforcement Date: ** UAE CIT became effective on June 1, 2023, with specific registration timelines depending on the financial year and recognition of CIT for the company. This clarification emphasizes the importance of adhering to the specified timelines to avoid penalties and ensure compliance with UAE tax regulations. *For more such tax insights, stay tuned with Tax Talk* *WhatsApp Community Link*https://lnkd.in/duRWW9bX
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Almalia Consulting FZCO
UAE FTA urges eligible commercial entities to register for corporate tax by June 30 The UAE's Federal Tax Authority is urging all resident eligible commercial entities to register for corporate tax by June 30 to avoid late penalties. Juridical persons that are subject to corporate tax with licences issued in March and April, regardless of the year of issuance, must submit their tax registration application by the deadline or face an administrative penalty of Dh10,000 ($2,723), the FTA said in a statement on Sunday. Juridical persons are those who have permits issued by the authorities to function as commercial entities. Corporate tax registration is available through the EmaraTax digital tax services platform, with the registration process broken down into four main steps, the authority said. The FTA's reminder comes after the UAE announced corporate tax registration deadlines for this year for eligible businesses. Under a decision that took effect from March 1, businesses must register by a certain date depending on the month of their licence being issued, or face a fine of Dh10,000. The FTA on Sunday also urged those eligible to pay corporate tax to consult the public clarification that the authority has issued regarding the specified timelines. Those incorporated before March 1, 2024 must submit their corporate tax registration application based on the month of their licence issuance, the FTA said. For those with multiple licences, the deadline is determined by the licence with the earliest issuance date. Meanwhile, entities incorporated after March 1 this year must submit their tax registration application within three months from the date of establishment or recognition. Juridical persons recognised under foreign legislation but effectively managed and controlled in the UAE must submit a tax registration application within three months from the end of their financial year. The UAE introduced the federal corporate tax with a standard statutory rate of 9 per cent starting from the financial year beginning on or after June 1, 2023. It brought the income of companies exceeding Dh375,000 within the taxable bracket. Taxable profits below that level will be subject to a tax of zero per cent. The Ministry of Finance also confirmed in May last year that business owners in the country would be subject to corporate tax only if their turnover in a calendar year exceeds Dh1 million, ensuring that only business or business-related activity income is taxed. #UAETaxRegistration #UAEtax #CorporateTax #BusinessNews #UAEFTA #FreeTradeAgreements #TradeUAE #GlobalTrade #ExportUAE #ImportUAE #EconomicDevelopment #TradeRelations #FTApartners #InternationalTrade
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Spectrum Auditing
Understanding the Latest Guidance on Taxation of Foreign Source Income in the UAE The Federal Tax Authority (FTA) recently unveiled crucial insights into the taxation of foreign source income in the UAE, marking a significant development in fiscal regulations. Released on November 16, 2023, the new guidance addresses the intricate landscape surrounding income earned from foreign jurisdictions. For both residents and non-residents with a Permanent Establishment (PE) in the UAE, income derived from overseas presents a complex array of considerations. Factors such as the recipient's status, the nature of the income, and the applicability of exemptions play pivotal roles in determining the tax treatment of such earnings. Read the complete article here: https://lnkd.in/dcjzyXcA To know more, visit us: 🌐 www.spectrumaccounts.com 📞 971 4 269 9329 📧 [email protected] #UAECT #taxation #foreignincome #registration #spectrum #ct #corporatetax #spectrumauditing #spectrumaccounting
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Aurifer Middle East Tax
UAE FTA Issued New CIT Guide on Business Restructuring Relief On April 17, 2024, the UAE Federal Tax Authority (FTA) issued a Corporate Tax (CIT) Guide on Business Restructuring Relief (CTGQBRR1) on the FTA Portal. The UAE CIT Law offers a provision known as “Business Restructuring Relief”, designed to mitigate the tax implications of certain business transfers during restructuring or reorganisation processes. Typically, business restructuring, such as mergers or demergers, can trigger a taxable gain or loss. This could occur even if there is no change in the ultimate ownership or if the original stakeholders maintain their interest in the restructured entity. To support these transactions, which are often pursued for legitimate commercial or other non-fiscal reasons, the UAE CIT Law, through Article 27, ensures that such restructuring arrangements can be executed without immediate tax consequences subject to a “clawback” provision. Business Restructuring Relief is specifically applicable in two scenarios. The first involves the transfer of an entire business or a distinct part of the business from one taxable person to another. The second scenario includes cases where an entire business is transferred from one or more taxable persons to another, following which the transferring entity ceases to exist. For the relief to apply, all criteria must be met: - The transfer must comply with the UAE legislation. - Both the transferor and transferee must be either resident persons or a non-resident but with a permanent establishment (PE) in the UAE. - Neither party can be an exempt person or a Qualifying Free Zone Person (QFZP). - The Financial Year and accounting standards of both persons must align. - The transfer must be undertaken for valid, non-fiscal commercial reasons that reflect an economic reality. However, there are specific circumstances where the Business Restructuring Relief could be reversed, commonly referred to as "clawback." This could happen if, within two years after the transfer: - There is a sale, transfer, or disposal of shares or ownership interests in either the transferor or transferee to someone outside the qualifying group. - There is a subsequent transfer or disposal of the business or part of the business originally transferred. In such cases, the transaction is re-evaluated as if it occurred at market value on the date of the original transfer, with any resulting gain or loss included in the transferor's taxable income for that tax period. This comprehensive new FTA guide thus serves as a critical mechanism for facilitating smoother and more economically rational business transformations, ensuring that tax considerations do not hinder strategic restructuring efforts. This guide not only supports corporate flexibility but also aligns with broader tax compliance and anti-avoidance measures in the UAE. #UAE #CIT Read more about the new Guide here: https://rb.gy/olxp05
أعضاء آخرون يحملون اسم Manish Arora في الإمارات العربية المتحدة
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