Introduction: As the UAE strengthens its global tax reputation, Tax Residency and Economic Substance Regulations (ESR) have become mandatory pillars of corporate governance. Complying with these standards allows businesses to benefit from Double Taxation Avoidance Agreements (DTAAs) and maintain operational legitimacy. What Is a Tax Residency Certificate (TRC)? A Tax Residency Certificate confirms that a…
IntroductionThe UAE’s VAT framework continues to evolve—and in 2025, businesses must act quickly to stay compliant and benefit from new exemptions and digital mandates. Key updates include revisions to VAT regulations, new refund tools, e‑invoicing timelines, and sector-specific reliefs. Let’s break down what changed—clearly, accurately, and with actionable steps. 1. Executive Regulations Amendments (Effective November 15, 2024)…
Introduction To maintain its status as a transparent and compliant international financial hub, the UAE introduced Economic Substance Regulations (ESR) in 2019, in line with OECD and EU requirements. These regulations ensure that UAE-based entities with relevant activities demonstrate substantial economic presence in the country. In 2025, ESR compliance remains a top priority for businesses…
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