The UAE has always been known as an international business hub, with enterprises mostly attracted by its tax-friendly environment and its strategic location. In trying to align itself with international …
According to Cabinet of Ministers Resolution (no. 31, 2019), on the 30th of April, the United Arab Emirates enforced Economic Substance Regulations for being an active member of the Organization …
Since its inception in 2019, Economic Substance Regulation has formed an integral part of reporting to the Federal Tax Authority. The National Assessment Authority ensures that all the information provided …
The Economic Substance Regulations were introduced by the government of the United Arab Emirates in response to the membership of the Organization for Economic Co-operation and Development (OECD) Inclusive Framework. …
The UAE Economic Substance Regulation (ESR) was enacted in 2019. The reason behind passing such regulation is to enhance transparency and prevent issues relating to tax evasion within the nation. …
The economic substance notification form is an initial requirement of the Economic Substance Regulations in the UAE. ESR regulations in the UAE require all the businesses that fall under its …