June 11, 2020
The Economic Substance Regulations (ESR) in the United Arab Emirates (UAE) were introduced to ensure that businesses operating in the country have a substantial economic presence and conduct real economic activities. Here’s an overview of the Economic Substance Regulations in the UAE:
Overall, the Economic Substance Regulations in the UAE aim to promote transparency, fairness, and compliance in the taxation of business activities, ensuring that companies operating in the country contribute to the local economy and abide by international tax standards. Businesses subject to the ESR should ensure they understand their obligations and take appropriate measures to comply with the requirements.
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