The UAE Cabinet has come out with a new resolution in the form of Resolution No. 57 of the 2020 ESR Regulations Amendment. The latest updates according to this Amendment will replace the previous rules, and the document also provides…
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…
IMPORTANCE OF ECONOMIC SUBSTANCE REGULATIONS UAE The Economic Substance Regulations – ESR in UAE is effective since April 2019 and it requires all mainland and Free Zone companies established in the UAE, (“Licensees”) to notify the relevant Regulatory Authority whether…
