The UAE Ministry of Finance has updated its ESR requirements with regard UAE companies & the filing portal is LIVE now. This requirement continues the UAE’s meeting of the global standards set by the OECD on Harmful Tax Practices. As per the Ministerial Decision no 100 of 2020 On the Issuance of Directives for the Implementation of the Provisions of Cabinet Decision No 57 of 2020 concerning Economic Substance Requirements, also usefully provide a detailed guidance around what constitutes a “Relevant Activity”.
Penalties for Non-compliance of ESR filing has been stipulated ranging from 20,000 dhs to 50,000 dhs and further exchange of information.
We at ASSURED are fully committed to ensure that our clients comply with the Government’s Regulations & are not subjected to any penalties.
Thus, we’ve devised an updated ESR Test questionnaire for identifying whether your organization qualifies for filing the updated ESR notification & Report for just 200 dhs.
Download ESR Test form here: ESR Test
Based on your replies, we’ll assess & guide you further whether –
1. ESR notification filing, &
2. Reporting
are applicable to your organization or not.
All you have to do is take a print of the file, fill in the basic information regarding your organization's activities & send back to this e-mail id = rashid.m@assured.ae
For any further enquiries, please contact the undersigned.
Regards,
Mohamed Rashid N
Consultant
Mobile: +971 56 733 5088