The UAE is a member of the OECD Inclusive Framework. As a result, the EU assessed the UAE’s tax framework, through the European Union (“EU”) Code of Conduct Group on Business Taxation. Therefore, to obtain a better rating, and improve…

About appeal user-guide This user-guide has been prepared to assist Licensees in submitting an appeal request to the Federal Tax Authority (National Assessment Authority) related to Administrative Penalties levied concerning Economic Substance Regulations. This guide will also assist the Licensees…

In response to an evaluation of the United Arab Emirates’ tax framework by the European Union Code of Conduct Group on Business Taxation, the United Arab Emirates (UAE) issued Economic Substance Regulations (Cabinet of Ministers Resolution No. 31 of 2019),…

Economic Substance Regulations (ESR): The business environment in the United Arab Emirates has seen significant transformations as a result of the implementation of rules such as the Value-Added Tax (VAT) and Anti-Money Laundering Laws. Since the Economic Substance Regulations (ESR)…

Economic substance regulations DIFC (Dubai International Financial Centre) are imposed by the registrar of companies in the UAE. These Economic substance regulations UAE were issued in 2019 by the UAE as a part of the country’s commitment as a member…

The Economic Substance Regulations JAFZA UAE was introduced to help promote transparency and accountability within the economy. The implementation of the Economic substance Dubai helped in improving the efficiency of the UAE’s economic infrastructure. The Economic Substance Regulations UAE requires…

Keeping up with government updates and changes in taxation laws is an integral part of running any business. The ESR UAE guidelines have helped the country improve its credibility with the EU, removing its name from the tax Blacklist. Hence,…

The ESR UAE came into force in 2019 as a means to strengthen the nation’s taxation system. By adding this additional legal requirement, the UAE was able to get off the EU’s tax Blacklist and improve its credibility within international…

The Economic Substance Regulations UAE reporting came into force to improve the UAE’s taxation regime. As per the requirements of the Economic Substance Dubai, all eligible companies must submit an ESR notification form and annual substance report. All entities engaging…

The Economic substance Regulations is a directive in the UAE’s tax framework that came into effect from January 1st, 2019. The  ESR applies to all businesses and organizations in the UAE, including onshore companies, free zone companies, non-partnership companies, and…