Economic Substance Regulations (ESR)

The business landscape of the UAE has undergone a major transformation with the introduction of regulations such as the Value Added Tax (VAT) and Anti Money Laundering (AML) regulations. Now,…

The UAE has introduced the Economic Substance Regulations (ESR) in line with the global standards set by OECD to curb harmful tax practices. As per the ESR, the mainland, offshore…

The UAE has been implementing various regulations, including VAT, AML, to streamline the economy as per global standards and the latest in this series is the UAE Economic Substance Regulations…

The companies in the UAE, except those in which the government holds a share, are required to demonstrate they have adequate economic substance in relation to the relevant activities they…

As per the UAE Cabinet of Ministers Resolution No.57 of 2020, the UAE companies that carry out relevant activities are required to meet the UAE economic substance test. The regulations…

As the date for filing the annual Economic Substance Regulations (ESR) notification to the regulatory authority is nearing, the companies in the UAE are faced with the challenge of assessing…