Five Ways Auditors in Dubai Add Value to Your Business
Most business owners in the UAE consider the process of external audit as an obligation and find themselves under pressure during the time of the audit. However, the management needs…
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UAE ESR: Core Income Group Activities (CIGAs) for Distribution & Service Centre Business
The companies in the UAE that fall within the scope of the Economic Substance Regulations (ESR) are required to meet the Economic Substance Test in relation to the relevant activity…
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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, Core Income…
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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 income from a…
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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 the…
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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 banking business that generates…
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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 and type of…
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How Can High Risk IP Businesses Meet UAE Economic Substance Test ?
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…
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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 that conduct the Relevant Activities…
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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. The companies will be tested…
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