This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our PRIVACY POLICY for more information on the cookies we use and how to delete or block them.
  • Economic Substance Regulation (ESR) Reporting Due Date Reminder
Article:

Economic Substance Regulation (ESR) reporting due date reminder

01 September 2022

The Economic Substance Regulation contains two annual filing obligations for licensees within the scope of ESR.

ESR notification must be filed if the business is undertaking a Relevant Activity. This applies even where the business claims exemption from ESR or does not earn any income from the Relevant Activity.

ESR report is applicable to businesses that perform Relevant Activities, earn income from these activities and do not qualify for any exemption under ESR.

Failure to submit by the required deadlines attracts penalties ranging from AED 20,000 to AED 400,000.

Below is the summary of the upcoming deadlines for reference:

Please contact Mufaddal Safdari, Amrita Chandwani or your existing Tax team contact, if you need any support for ESR.