The Economic Substance Regulation compels businesses that conduct relevant activities to meet the Economic Substance Test to which certain prerequisites have to be fulfilled. Primarily, corporations ought to submit the …
Read MoreUnderstanding the ESR reporting requirements in the UAE
The UAE Economic Substance Regulation(ESR) was introduced in 2019 to comply with international tax standards and increase transparency in the country’s business practices. The regulation compels companies operating within the …
Read MoreThe UAE Economic Substance Regulations (ESR) Reporting Guidelines
The primary purpose of ESR is to establish, maintain and illustrate the presence of onshore and free zone companies which undertakes the respective Core Income Generating Activities with regard to …
Economic substance reporting is a requirement of Economic Substance Regulations and provides information about the licensee, assets, expenditure, income, employees, and management to the National Assessing Authority. Any corporate organization …
ESR filing in UAE is a requirement of Economic Substance Regulations UAE for all the businesses that fall under the scope of ESR. The main aim of filing the ESR …