Posts

Showing posts from January, 2021
Image
Economic Substance Regulations(ESR) UAE Keeping up with government updates and changes in taxation laws is an integral part of running any business. The  ESR UAE  guidelines have helped the country improve its credibility with the EU, removing its name from the tax Blacklist. Hence, the Economic Substance Regulations are a set of rules that will help the UAE build a more sustainable and efficient tax network. Read on to know more about the  Economic Substance Dubai  guidelines, and how KGRN can help you with compliance.  What is Economic Substance Regulations UAE? ESR in Dubai  is a step that the UAE took as part of its commitment towards the OECD Inclusive Framework. The  Economic Substance Regulation UAE  came into force via Resolution No. 31 in April 2019. Further amendments were made to the  Economic Substance Regulations  in  August 2020.  AS a whole, ESR in Dubai requires both Onshore and Free Zone companies in the UAE wh...