Economic substance Regulation and its implications in UAE
BACKGROUND OF ESR Why has the UAE introduced Economic Substance Regulations (ESR)? UAE introduced Economic Substance Regulations (‘ESR’) under its commitment as a member of the Organization of Economic Cooperation and Development (‘OECD’)’s Framework on Base Erosion and Profit Shifting (‘BEPS’). To this effect, the Cabinet Decision 31 of 2019 was introduced with the UAE Govt formally […]
