ESR COMPLIANCE FILING -LAST DATE OF NOTIFICATION FILING -30th JUNE 2022


ESR COMPLIANCE FILING -LAST DATE OF NOTIFICATION FILING -30th JUNE 2022 1
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As you are aware, the deadline for filing the Economic Substance Notification  is set to be on or before 30th  June 2022 for businesses with the calendar year-end. It is essential that all businesses in UAE.
Assistance in ES compliance services i.e. preparation and submission of ES Notifications.

Penalties:
Failure to comply with the ESR can result in the FTA applying penalties from AED 20,000 to AED 400,000.

Next Steps:
Compliance with the amended ESR is essential for all UAE entities. The Ministry of Finance will launch a portal to facilitate the filing, and Licensees will need to submit their ES notification.

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www.yugaaccounting.com

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Yuga Accounting
Dubai, United Arab Emirates

+971 521952532
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