What are the exemptions under Economic Substance Regulations (ESR)?
Last Update há 10 meses
The Regulation exempts certain licensee from filing the ES Report and demonstrate substance in the UAE such as:
• A licensee that is tax resident outside the UAE
• An Investment fund and its underlying SPVs/investment holding entities
• A wholly UAE resident owned business that is not part of a multinational group and that carries out business in the UAE
• A branch of a foreign entity that is subject to tax on all its income in a foreign jurisdiction
For more information on Economic Substance Regulations, visit Economic Substance Regulations page.