30 May

Exploring the Participation Exemption Regime in the UAE Corporate Tax Law

Recorded webinar

Our recent webinar focused on the Participation Exemption regime as outlined in the United Arab Emirates (UAE) Corporate Tax (CT) Law.

During this session, our experts explored the provisions within the UAE CT Law governing the exemption of income derived from ownership interests in other entities, known as 'Participating Interest.' 

Key topics covered included:

  • Criteria for an ownership interest to qualify as a Participating Interest.
  • Types of income eligible for the participation exemption.
  • How this exemption interacts with other aspects of the CT Law (Tax Groups, Relief provisions, the Pillar 2 rules, etc.).
  • Practical challenges in meeting the ‘subject to tax’ test.
  • Taxation of unrealized gains on ownership interests otherwise eligible for participation exemption.
  • Considerations regarding expenditures related to exempt income.


Basel Arafe

Basel Arafe

Partner | Corporate Tax

Basel is a UAE Corporate Tax Partner with a commitment to assisting entities in navigating the challenges and complexities arising from the introduction of corporate taxation in the region and the constantly evolving tax landscape. He has over 15 years of experience in primarily serving Canadian-based multinational corporations with Canadian and US tax related matters. Previously, he was a Partner in the US Tax practice at the Deloitte Montreal office, with a focus on assisting clients with US domestic corporate tax issues, relating to both federal and state level compliance and planning to ensure integration with an overall global tax-effective strategy. His knowledge and expertise also expand to income tax accounting, FATCA related matters, income tax withholding, credits and incentives, US tax reform, and taxation of pass-through entities. While he has advised clients across a variety of industries and sectors, he has extensive experience with companies in the technology, media, and telecommunication sector. Basel has completed the Canadian Institute of Chartered Accountants (CICA) In-Depth Canadian Tax Course and is an admitted member of CPA Canada (i.e., Chartered Professionals Accountants of Canada) and the American Institute of Certified Public Accountants (AICPA). 

Recommended for you

Thursday, 30 May 2024
Share Share event on social