Chapter 2: The Legislative Hierarchy & Pyramid of Authority | UAE Corporate Tax Masterclass

Firoz, CEO of Flying Colour Tax Consultant and Auditing, is a finance and tax practitioner in the UAE for over a decade. I am an FTA approved Tax Agent for Corporate Tax, VAT, and Excise Tax (TAAN: 20054920), a Member of the UAE Emirates Association of Accountants and Auditors (Membership No. 5043), and a Certified Customs Expert (CCE). Why is there a Decree-Law AND dozens of Decisions? Which one should you follow if the numbers change? In this second chapter of our 50-part masterclass, we deep-dive into the Legislative Architecture of UAE Corporate Tax. Understanding the hierarchy is what separates a basic accountant from a high-level Tax Consultant. We explain how to reconcile the primary Law with the secondary legislation that sets the thresholds and procedures. 0:00 Intro: The Pyramid - Which UAE tax document holds the most legal weight? 00:43 Level 1: Decree-Law -What is Federal Decree-Law No. 47 of 2022? 04:48 Level 2: Cabinet Decisions Where are the tax thresholds (375k/1M) actually written? 14:42 Level 3: Ministerial Decisions How do I find the activities which are eligible for 0% Corporate Tax in FZ 18:28 Level 4: FTA Documents - FTA Decisions, FTA Public Clarifications and FTA Guides -Is an FTA Public Clarification legally binding in court? 25:33 Private Clarifications - How can a business clarify their tax doubts regarding their business ? 30:00 Next Session- Chapter - 3 - What is the difference between accounting profit and tax profit ? #UAETax #CorporateTaxUAE #TaxLaw #DecreeLaw47 #MinistryOfFinance #FTA #AccountingUAE #TaxConsultant #DubaiBusiness #LegalHierarchy #CFO #taxstrategy #taxtraining #fta ⚖️ Legal Disclaimer The information provided in this video is for educational and informational purposes only and does not constitute professional tax, legal, or financial advice. UAE Corporate Tax laws, Cabinet Decisions, and Ministerial Decisions are subject to change and interpretation by the Federal Tax Authority (FTA). While we strive for accuracy, users should consult with a qualified tax professional or refer to official FTA publications before making any business or compliance decisions. Flying Colour Tax Consultant and Auditing accepts no liability for actions taken based on this content