Tag: How to Prepare for an ESR Audit: Compliance Checklist for UAE Businesses

With the issuance of the Cabinet Resolution No. 57 of 2020 regarding Economic Substance regulations (ESR) on 10 August 2020, the Federal Tax Authority (FTA) was selected as the National Evaluating Authority. It is the initiative taken by the government of UAE in line with its global commitment to worldwide trade regulatory bodies such as…