A notion that was included in the revenue framework of the United Arab Emirates (UAE) and went into effect on January 1, 2019, is known as economic substance regulations. The Environmental, Social, and Governance (ESG) framework applies to all in…

ESR in Dubai: Over the last few years, Dubai has financially developed a lot and doing business has become a lot easier. Regulations such as Value Added Tax (VAT) and Anti-Money Laundering (AML) have been introduced to make sure there…

ESR is an abbreviation for Economic Substance Regulation. Its primary goal is to guarantee that the entities have adequate assets and resources, as well as qualified personnel in the country. They also want to make it clear that UAE businesses…

The cabinet of ministers of UAE made new changes to the Economic Substance regulations. This was done to determine the actual profits earned by the entities which will eventually help the economy of UAE.  The new Economic Substance Regulations are…

“As part of the UAE’s commitment as a member of the OECD Inclusive Framework, and in response to an assessment of the UAE’s tax framework by the European Union Code of Conduct Group on Business Taxation, the UAE issued Economic…

“In April 2019, the UAE issued Cabinet of Ministers Resolution No. 31  concerning Economic Substance (“Resolution 31″) as part of its commitment as a member of the OECD Inclusive Framework, and in response to an assessment of the  UAE’s tax…

The reportable period for economic substance purposes The UAE implemented the Economic Substance Dubai Regulations to add more transparency to the country’s taxation system. Article 4 of the Economic Substance Regulations helps define what a relevant activity is and what…

The Economic substance Regulation is a percept in the UAE’s tax framework. The UAE government introduced it on January 1st, 2019. The Economic Substance Regulation applies to all businesses in the UAE, including free zone companies, partnership firms, onshore companies,…

The United Arab Emirates is a member of the OECD Inclusive Framework. The plan to introduce the Economic Substance Regulations came after the UAE landed on the EU’s tax blacklist. The implementation of the ESR Notification UAE helped the country…

As we all know, the deadline for UAE Licensees to file the Economic Substance Regulations Notification from UAE has passed now. The initial step for the licensees to obey the ESR rules is the ESR notifications. It serves as a…