The United Arab Emirates (UAE) Economic Substance Regulations (ESR) are applicable retrospectively from 1 January 2019 and the first compliance cycle has now passed. Potential ESR implications for FY20 and FY21 are currently being determined. Businesses can leverage the lessons learnt from the past year to improve their approach going forward.
In the light of the above, Deloitte held a 60-minute webinar aimed at guiding businesses through the upcoming FY20 ESR filing obligations. The topics covered during the session included:
- Overview of the upcoming FY20 ESR compliance deadlines;
- Lessons learnt from the first compliance cycle;
- Best practices in connection with some of the relevant activities and ESR;
- Post-filing enforcement and appeals; and
- Elements that are still unclear.
Meet the speaker
Jan van Abbe
Jan is a Director based within the International and M&A Tax team in Deloitte, Dubai. He has 12 years of experience in business and international tax with Deloitte in Switzerland, Singapore and the UAE. has built a strong reputation for the provision of advice regarding inbound structuring and BMO/TP design. Jan leads the LSHC and THS offering across the regions. Jan is a Swiss Certified Tax Expert and holds a Master’s degree in Law from the University of St. Gallen (HSG).