UAE ESR: What are the CIGAs for Investment Fund Management Businesses
The Economic Substance Test in the UAE requires a Licensee to demonstrate that the Licensee is directed and managed in the UAE in relation to the relevant activity,... Read more.
UAE ESR: Core Income Group Activities (CIGA) for Lease-Finance Business
The companies in the UAE should meet the economic substance test and file an economic substance return with respect to the financial periods in which they earned... Read more.
UAE ESR: What are the Core Income Group Activities (CIGA) for Headquarter Businesses
One of the key requirements for a Licensee to meet the Economic Substance Test in the UAE is to carry out Core income Generating Activities (CIGAs) in relation to... Read more.
UAE ESR: What are the Core Income Group Activities (CIGA) for Banking Businesses
The companies that conduct the banking business in the UAE are required to meet the Economic Substance Test as per the Economic Substance Regulations (ESR). The... Read more.
Consequences or Actions if a Licensee Fails to Meet the UAE Economic Substance Test
The companies in the UAE that fall within the scope of the Economic Substance Regulations (ESR) are required to demonstrate economic presence in line with the level... Read more.
Powers of ESR Regulatory Authorities in the United Arab Emirates
The UAE government has issued the Cabinet Resolution No. 58 of 2019 on 4 September 2019, which identified the Regulatory Authorities to oversee that the companies... Read more.
How UAE Businesses That Outsourced Relevant Activities Will Be Tested Under ESR?
Meeting the Economic Substance test in the UAE has become an absolute necessity for companies to demonstrate that they are not committing harmful tax practices.... Read more.
How Banking Businesses Should Meet UAE ESR Test?
After filing the UAE ESR notification to the respective regulatory authorities the companies in the UAE are now required to meet the Economic Substance Regulation... Read more.
How Businesses will be tested for ‘Adequate’ Economic Substance in the UAE?
The UAE enacted Economic Substance Regulations (ESR) pursuant to the global standards set by the OECD Forum on Harmful Tax Practices (FHTP), which requires the companies... Read more.
How Distribution & Service Centre Businesses Can Meet UAE ESR Test?
The companies in the UAE that carry out one or more relevant activities and earn income from relevant activity during the financial year are required to meet the... Read more.
