According to ESR filing UAE, the Licensees and Exempted Licensees should file an ESR Notification to their respective Regulatory Authorities for the relevant Financial Year. To File ESR Notification they …
Read MoreESR Notification – Post submission Problems and Solutions
The European Union Code of Conduct Group on Business Taxation evaluated the UAE’s tax system and recommended changes, which led to the introduction of the Economic Substance Regulations (“ESR”) as …
The purpose of these ESR regulations is to ensure that entities carrying out relevant activities in UAE own adequate economic substance within the jurisdiction. The economic substance regulations, therefore, impose …
All entities operating in the UAE deal with the Federal Tax Authority regarding their taxes and other economic substance regulations. The Federal Tax Authority of UAE is responsible for enabling …
Read MoreResponsibilities of FTA regarding Economic Substance Regulations
In April 2019, the United Arab Emirates initiated the economic substance regulations to fulfil its commitment to preventing illegal tax practices in the UAE such as tax evasion. In August …
The Economic Substance Regulation was implemented on 1st January 2019. Under the new law, companies must follow essential steps in compliance with the ESR standards. The compliance with notification Filing …
The economic substance notification form is an initial requirement of Economic Substance Regulations in the UAE. ESR regulations in the UAE require all the businesses that fall under its scope …
Read MoreThings to be notified in Economic Substance Notification Form
Economic Substance Regulations appeal user-guide is used to provide assistance to the Licensees or Exempted Licensees on how to submit their ESR appeal request to the Federal Tax Authority. In …
Read MoreHow to Submit Economic Substance Regulations Appeal Request?
Economic Substance Regulations are a set of rules, regulations, and requirements that are meant to follow by some businesses in the UAE. The purpose of ESR is to regulate and …
Read MoreAssess Your Economic Substance Regulations Applicability Correctly to Avoid Penalties
It is mandatory for the businesses that fall within the scope of Economic Substance Regulations in the United Arab Emirates to undergo the Economic Substance Test. In order to meet …
Read MoreHow High Risk Intellectual Property Business meet Economic Substance Test in UAE?