Noncompliance with the Economic Substance Regulations and standards accrue hefty penalties upon corporations. Thus, companies that fall under the ESR’s purview are commended to avail the services of top ESR …
Read MoreDoes Companies Accrue Penalties for Noncompliance to ESR?
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
The UAE Cabinet Resolution established administrative fines for numerous economic substance regulations. The number of fines for infractions committed by both Licensees and Exempted Licensees has grown as a result …
Read MoreWhat are ESR penalties for providing inaccurate information?
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 ESR penalties and How to appeal against an ESR penalty