Q&A

UAE
ESR
Suresh 28 December 2020
What is the definition of tangible assets for the purposes of ESR Regulations. As detail of Net Book Value of tangible assets is required to be provided in ESR ..
Out of Scope Supplies
Harsha Kumar 22 December 2020
Hello friends, I would like to know if FTA can ask for out of scope supplies records. Thanks ..
UAE
Single-Member LLC & ESR Regulation Requirements
Nusrat Abbas 14 December 2020
LimitedLiability Company- Single Owner (LLC-SO) A single member LLC ( Single Owner) is liable to file ESR notification Report? ..
UAE
Sole Proprietorship is out of Scope of ESR but if carrying our Relevant Activity, Need to Submit Notification/Report
Nusrat Abbas 14 December 2020
If Licensee is Sole Proprietorship which is out of scope of ESR regulation but if carrying RA, what is the requriement in this case, they should submit Notifica..
UAE
Senior Financial Analyst
Ankitkumar Jain 10 December 2020
Hello, My query is in respect of the Economic Substance Regulations introduced in UAE in early Jan 2020. I need certain clarification on the scope of the rel..
Rent on Bare Land
Mahesh Jain 18 November 2020
Hi, Is rent generated on bare land taxable? ..
KSA
Place of supply for KSA based customer
Sami 16 November 2020
Hello, I will like to know what will be the place of supply incase price is charged separately for material and for assemblyfor a Saudi Arabia based customer. H..
Interest Income on inter group loan
Nitesh Jain 10 November 2020
Hello, We have earned interest income on inter group loan. Is it to be reportedunder exempt supplies. Please advise. ..
Good to DZ for packing and reexport
Saumya 10 November 2020
Kindly let me know if the following will be treated as Export of Service or not - Goods delivered in Designated Zone for packaging and then exported. The design..
UAE
Lab test outside UAE
Naseer 27 October 2020
Hello, Would like to know if a medical sample is sent outside UAE for lab testing , it will be covered under standard/zero-rated? ..

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