Jitendra Chartered Accountants Blog

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, Core Income…

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 income from a…

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 the…

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 banking business that generates…

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 and type of…

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…