What is Economic Substance Regulations in the UAE? (ESR) The United Arab Emirates has in coordination with the Ministry of Finance implemented Economic Substance legislation in order to comply with its commitment as a member of the OECD (to comply with EU’s requirements to be removed from the list of non-cooperative tax nations). The Economic […]
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The United Arab Emirates Cabinet recently issued resolution that requires all in-scope UAE entities to maintain an economic substance. Economic Substance Regulation was introduced by the UAE government in order to align the entire region with global standards set by the Organization for Economic Cooperation and Development (OECD) Forum on Harmful Trade Practices with prevention of Base Erosion […]
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