IP poses a greater risk of artificial profit shifting as opposed to income derived from non-IP related activities. In view of this higher risk, the Licensees that conduct the High-risk…

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 that conduct the Relevant Activities…

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. The companies will be tested…

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 (ESR) Test. The regulatory authority…

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 that conduct relevant activities…

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 Economic Substance Test set…

As part of the UAE’s efforts to curb harmful tax practices and Base Erosion of Profit Shifting (BEPS), the companies that carry out the relevant activities in the UAE are…

The UAE introduced the Economic Substance Regulations (ESR) to curb the harmful tax practices to honour its commitment to OECD as a member of the inclusive framework and as a…

The UAE companies are faced with a new regulatory compliance requirement called the Economic Substance Regulations (ESR) which mandates the companies to comply with ESR Notification filing, Economic Substance Test,…