Responsibilities of FTA regarding Economic Substance Regulations
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 …
Frequently Asked Questions about ESR in UAE
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 …
Economic Substance Regulations for Shipping Business in UAE
The Economic Substance Regulations(ESR), introduced in UAE on the 30th of April 2019 with the Cabinet Resolution of 2019 no 31, applies requirements for economic substance on licensees or business …