Substance Regulations (ESR): Key Changes for Businesses

Substance Regulations (ESR) Key Changes for Businesses

What Has Changed in the ESR?


Implications for Businesses

1. No ESR Filing Requirements for Post-2022 Fiscal Years

2. Financial Relief Through Fine Cancellations

3. Increased Attention on Corporate Tax Compliance


Steps for a Seamless Transition and Compliance with Updated UAE Regulations


1. Review Corporate Tax Compliance Obligations


2. Consult with Tax Advisors for Compliance Alignment


3. Apply for Refunds for ESR Non-Compliance Fines


4. Adapt to the UAE’s Streamlined Regulatory Framework


Final Thoughts

Leave a Comment

Your email address will not be published. Required fields are marked *

Open chat
1
Scan the code
Hello 👋
I want to know more about setting up a company in Dubai.