Economic substance is a percept in the UAE’s tax framework, introduced in the UAE from January 1st, 2019. It applies to all businesses, including onshore companies, free zone companies, non-partnership companies, and partnership firms. The primary purpose of an ESR…

ESR in UAE is a percept in the UAE’s tax framework, introduced from January 1st, 2019, that applies to all businesses, including onshore companies, free zone companies, non-partnership companies, and partnership firms. Every licensee must comply with the Economic Substance…