Cabinet Resolution No.57 of 2020, which included the requirement for UAE enterprises to maintain an adequate “economic presence” in the UAE in relation to the activities they carry out, came into effect in April 2019. The Regulations, which were modified…
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…
“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…
