{"id":2619,"date":"2025-03-07T11:22:55","date_gmt":"2025-03-07T11:22:55","guid":{"rendered":"https:\/\/prism7corporate.com\/?p=2619"},"modified":"2025-03-07T11:22:56","modified_gmt":"2025-03-07T11:22:56","slug":"uae-cancels-economic-substance-reporting-what-businesses-need-to-know","status":"publish","type":"post","link":"https:\/\/prism7corporate.com\/uae-cancels-economic-substance-reporting-what-businesses-need-to-know\/","title":{"rendered":"UAE Cancels Economic Substance Reporting: What Businesses Need to Know"},"content":{"rendered":"\n

The UAE has cancelled the Economic Substance Reporting (ESR) requirement for fiscal years starting on or after January 1, 2023. This significant change simplifies compliance for businesses while aligning with the UAE's Corporate Tax Law. Here's a breakdown of the updates and their implications.<\/p>\n\n\n\n

Key Updates to ESR Requirements<\/h2>\n\n\n\n