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Scope of Economic Substance Regulations

Finance

Scope of Economic Substance Regulations

If the entities are carrying business only in the UAE, or entities whose income is being taxed in other countries are not subject to ESR in the UAE. ESR is not applicable to natural persons, sole proprietorships, trusts and foundations

Finance1 month ago

FAB profit surges 107% to record Dh5.1b in Q1

Business

FAB profit surges 107% to record Dh5.1b in Q1

Net profit of the largest UAE lender by assets rose to Dh5.1 billion from Dh2.5 billion recorded in Q1 2021 and 54 per cent quarter-on-quarter, driven by the sale of its majority stake in its payments business and improved performance of the bank’s core business

Business2 months ago