Economic Substance Requirements in the UAE: Round 2 - Filing for 2020

ESR filing season

Not only does the beginning of December 2021 mark the start of the festive season, for a lot of UAE businesses it also means it is ESR filing season again.

Businesses that are in scope of the Economic Substance Regulations are required to file an ESR report on an annual basis. For the financial year ending 31 December 2020 businesses will need to submit their ESR reports by 31 December 2021. Throughout 2021, numerous businesses have incurred ESR penalties, either due to a lack of reporting or as a result of committing ESR reporting errors. Recently, reports have come out of the Federal Tax Authority initiating ESR audits.

Is your company compliant with ESR reporting requirements? Which questions can you expect in case of an ESR audit? Find out during our webinar!

Join Aurifer Middle East Tax for an online training session in which Aurifer’s experts will cover the following topics:
- ESR reporting obligations
- Common reporting errors
- ESR penalties & appeal procedure
- Regulatory authority interactions
- ESR audits by the Federal Tax Authority
- New ESR Committee

This webinar is highly recommended for all businesses that want to learn more about ESR reporting requirements, ESR-related risks and how to manage them.