Economic Substance Regulations

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VAT Returns deadline is 28th of every month. Excise Tax Returns deadline is 15th of every month ESR Notification Submission deadline, 6 months from the end of the financial year ESR Report Submission deadline, 12 months from the end of the financial year Click here to know the Foreign Exchange (FX) rates applicable for VAT from the UAE Central Bank website

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Economic Substance Regulations

The UAE Economic Substance Regulations (ESR) are applicable to all companies registered in the Mainland or Free Zones or Financial Free Zonesin UAE which are licensed to perform activities as mentioned below:

Banking Business
Insurance Business
Investment Fund Management Business
Shipping Business
Lease-Finance Business
Distribution & Service Centre Business
Headquarters Business
Intellectual Property Business
Holding Company Business

Spectrum’s vast resource of blogs pertaining to Economic Substance Regulations which are updated frequently will give you further information about the activities that are considered in a particular relevant activity, the definition of each activity, what is an Economic Substance Test, who is a licensee, who is exempt from ESR, etc are all discussed in detail. Explore our knowledge base to equip yourself further on this subject or you can just simply mail us to guide you further.