Corporate Tax Challenge #1
This return has 8 errors. How many can you find?
A UAE Corporate Tax return, prepared and ready to file. Read it the way a reviewer would, then send us your answers. Free, no signup.
Open · entries close Sunday 25 October 2026 · answers Tuesday 27 October 2026
1 · The company
What the preparer's file says
- Entity
- Mainland LLC, Dubai — general trading
- Tax period
- 1 Apr 2025 – 31 Mar 2026
- Revenue
- AED 14,600,000
- Status
- Not a Free Zone Person · not in a tax group
Notes on the file
- Entertainment AED 96,000 — dinners and event tickets for customers and suppliers.
- Fines AED 23,500 — traffic fines 8,500 and a municipality fine for signage 15,000.
- Donation AED 40,000 — a local community sports club. It is not on the list of Qualifying Public Benefit Entities.
- Other income AED 150,000 — cash dividend from a UAE-resident LLC in which the company holds 3%. No expenses relate to it.
- Bank interest AED 210,000 — term loan from a UAE bank. No interest income in the period.
- Salaries include AED 300,000 paid to the managing partner (a Connected Person). HR benchmark for the role: AED 320,000.
- Tax losses brought forward — FY 1 Apr 2023 – 31 Mar 2024: 500,000. FY 1 Apr 2024 – 31 Mar 2025: 1,900,000.
2 · The accounts
Statement of profit or loss
AED · year ended 31 March 2026
| Revenue | 14,600,000 |
| Cost of sales | (9,490,000) |
| Gross profit | 5,110,000 |
| Salaries and wages | 1,860,000 |
| Rent | 336,000 |
| Depreciation | 142,000 |
| Client entertainment | 96,000 |
| Fines and penalties | 23,500 |
| Donations | 40,000 |
| Bank interest | 210,000 |
| Other administrative | 302,500 |
| Total operating expenses | (3,010,000) |
| Dividend income | 150,000 |
| Net profit before tax | 2,250,000 |
3 · The return
Corporate Tax computation, as prepared
AED · year ended 31 March 2026
| Accounting net profit | 2,250,000 |
| Add: interest disallowed (30% × 210,000) | 63,000 |
| Taxable income before loss relief | 2,313,000 |
| Tax losses available | 2,400,000 |
| Tax losses used | (2,313,000) |
| Taxable income | 0 |
| Corporate Tax payable | 0 |
| Tax losses carried forward | 87,000 |
Small Business Relief electedNo
Return due date30 September 2026
4 · How to take part
Your move
- Find the errors. Work out the correct Corporate Tax payable and the losses carried forward.
- Comment “Done” with your count — don’t post your answers, so others can play.
- Send your full list to info@taxcheck.ae by Sunday 25 October 2026.
- Answers and law references posted Tuesday 27 October 2026.
Scoring: 1 point per error found, 2 points for the correct tax payable. 10 points in total.
Top scorers: we’ll review your profile first for roles at TaxCheck.
Fictional company and figures, built for this challenge. Not tax advice.
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