What are the Essential Steps Businesses Must Take for ESR Notification Compliance
The VAT Consultant
Building Trust, Driven by Expertise | Your Go-To Partner for UAE VAT, Corporate Tax, Audit & Accounting.
Companies and establishments that are involved in ‘relevant activities’ in the UAE are required to submit economic substance notifications and reports to the regulatory authority on an annual basis, in accordance with the provisions of the Cabinet Resolution, which stipulates the submission of these notifications and reports. Failure to adhere to this will result in sanctions.
Submission Deadlines?
Notifications?
Economic Substance Reports
Submit Economic Substance Notifications
Companies are required to submit Economic Substance Regulations’ notifications and reports via the e-platform on the Ministry of Finance’s website. Companies licensed by the local economic development departments, Fujairah Municipality or Dibba Fujairah Municipality ‘to which the decision applies’ must apply through the platform and select the Ministry of Economy, for the following related activities only:
For Any VAT Related Services Contact Us:
Phone No: +9 71 4 393 1773
Email: [email protected]
Website: https://thevatconsultant.com