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Experts provide guidance to businesses on UAE economic substance regulations

(MENAFN - Emirates News Agency (WAM)) DUBAI, 15th February, 2021 (WAM) Dubai Chamber of Commerce and Industry, in cooperation with Al Tamimi & Co., organised a webinar offering businesses clarity and guidance on complying with existing Economic Substance Regulations in the UAE.
A total of 390 participants joined the webinar, including business owners, managers and legal professionals. The session was led by Shiraz Khan, Partner, Head of Taxation; Noff Al-Khafaji, Senior Associate, Corporate Structuring; and Janet Gooi, Senior Associate, Tax at Al Tamimi & Company; who provided an overview of the economic substance regime, latest developments, compliance requirements and sanctions for non-compliance.
The UAE issued the Economic Substance Regulations in 2019, which was subsequently replaced by a new set of Economic Substance Regulations in 2020. Further updated guidance on the economic substance regime was issued by the Ministry of Finance to provide further clarifica ....

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Experts offer guidance for businesses on UAE economic substance regulations

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