The Economic Substance Regulation (ESR) Reporting has been recently introduced and implemented in the United Arab Emirates. The ESR Reporting is a step taken by the government in order to combat the tax-related frauds which happen by various companies in the country. According to the ESR Reporting, all the companies must notify the relevant authority […]

On the 30th of April 2019, the UAE enacted the Economic Substance Regulation (ESR) by introducing the Cabinet Decision No. 31. According to this decision, economic substance requirements for the businesses which were carrying out “Relevant Business Activities” were provided. This decision was issued by the Ministry of Finance (MoF). Further updates were also later […]

There are many tax-related frauds which happen all over the world. To combat this situation, Economic Substance Regulations (ESR ) have been presented all over the world in the countries which have none or very less corporate taxes. This move is a welcome one as it will help notify the business activities of the company […]