What are the exemptions under Economic Substance Regulations (ESR)?
KPI Marketing
Last Update 3 tahun yang lalu
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.