ESR
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 Substance
Regulations (Cabinet of Ministers Resolution No. 31 of 2019), (the
“Regulations”) on 30 April 2019.
The
Regulations require UAE onshore and free zone companies and certain other
business forms that carry out any of the defined “Relevant Activities” to
maintain and demonstrate an adequate “economic presence” in the UAE relative to
the activities they undertake (“Economic Substance Test”).
Our
team of Tax experts can assist you every step of the way in your ESR Compliance
journey:
- ESR
Assessment
- ESR
notification
- ESR
Reporting
- ESR
Advisory