The Cabinet of Ministers Resolution Number 57 of 2020 was issued which concerned the Economic Substance Requirements on 10 August 2020. Under which the Federal Tax Authority was assigned as …
Read MoreAppeal User Guide for Economic Substance Regulations
According to Cabinet of Ministers Resolution (no. 31, 2019), on the 30th of April, United Arab Emirates enforced Economic Substance Regulations for being an active member of the Organization for …
The New Economic Substance Regulations issued by the United Arab Emirates on the 10th of August 2020 requires organizations to have considerable exercises in the UAE. The Regulation considers the …
Read MoreThe New Economic Substance Regulations for UAE Companies
Background about ESR Under the OECD (Organization for Economic Co-operation and Development), all the participating countries, including the UAE, have to follow the guidelines for companies filing their tax returns. …
UAE empowers the local business to flourish and acquire new heights while abiding by the laws and regulations. One such law was introduced by the Cabinet of Ministers Resolution no …
Economic Substance Regulations in the UAE is a principle and law that requires a business license holder to adhere to Economic Substance Return on the gross income generated from their …
What is intellectual property? Intellectual properties are intangible assets. They are legally bound and protected from illegal use by any other party. An intangible asset in Intellectual Property rights is …
The United Arab Emirates (UAE) has been one of the popular jurisdictions for company formation for the past years. With the UAE Ministry of Finance introducing the Economic Substance Regulations …
Read MoreEconomic Substance Regulations (ESR) for Distribution & Service Centre Business in UAE
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 …
Read MoreUnderstanding the types of Penalties and How to appeal against an ESR Penalty
Mainland, offshore, and free zone firms that are in the business of leasing and financing in the United Arab Emirates are required to comply with Cabinet Resolution (No 31) of …
Read MoreRequirements of Leasing-Financing Businesses on Economic Substance Regulations in UAE