Published March, 2020
As the Economic Substance Laws have only recently come into force (January 2020), they are still subject to ongoing assessment and interpretation and there is still a degree of uncertainty as to how they will apply.
In our previous article titled: “UAE Economic Substance Regulations issued”, we discussed the salient features of the Economic Substance Laws in low tax jurisdictions such as the UAE, Cayman Island, BVI and others.
We have put together a comprehensive question-and-answer guide which details the practical implications of the Economic Substance Laws that the UAE introduced as part of its commitment as a member of the Economic Cooperation and Development inclusive framework, and in response to a negative assessment of the UAE’s tax framework by the European Union.
Click here to download or read the Economic Substance Laws guide.
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