Economic Substance Requirements webinar in Chinese

Webinar recording

Webinar recording

The UAE’s ‘erstwhile ESR’ (Cabinet Decision 31 of 2019) has been repealed and replaced with an ‘amended ESR’ (Cabinet Decision 57 of 2020), and was followed by the issuance of Ministerial Decision 100 of 2020 (which supersedes the Ministerial Decision 215 of 2019). The amended ESR has retrospective applicability from 1 January 2019 and introduces important changes to the definitions, scope of applicability, and administration of the erstwhile ESR.      

Watch this webinar recording to understand the changes in the amended ESR, as well as the requirements for UAE businesses to re-assess the positions adopted and the notifications filed under the erstwhile ESR. Licensees which have to file ESR notifications via the Ministry of Finance’s portal by 30th June 2021 (If the fiscal year ends of 31st December 2020), followed by meeting the substance tests and filing the ESR Reports, which, for most businesses, are due by the end of this year.

We would also share the recent regional taxation update and our insights at this webinar.








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