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June 30, 2022
Can your firm demonstrate sufficient ‘economic substance’ in the UAE to avoid penalties?
January 1, 2021
What are economic substance regulations? The Economic Substance Regulations, or ESR, was issued by the UAE and is aimed at curtailing harmful tax practices and closely tracks the global standard set by the OECD (Organisation for Economic Co-operation and Development). The Economic Substance Regulations, or ESR, was issued by the UAE and is aimed at curtailing harmful tax practices by non-domiciled business operators! - - As the UAE is a member of the OECD framework, in response to an as...