Q&A

UAE
ESR
Tejveer Singh 24 March 2021
ESR:- If a DAFZA company has a virtual license in UAE. It does not have a physical presence in the UAE and there is no employee during the F.Y. In that case in ..
Reconsideration request and refund
Robin Sen 09 March 2021
If the appeal for reconsideration is accepted by FTA and waives the penalty for the deregistered business that has closed its bank account, how do you get the r..
UAE
ESR
Tejveer Singh 09 March 2021
A Dubai based company ABC LLC has subsidiaryXYZ in Malashiya (It is falling within ESR Group deifinition). XYZ Malashiya based subsidiary company outsourcing th..
UAE
ESR
Tejveer Singh 07 March 2021
I want to made a request to amend my Notification/Report (or Economic Substance Report), when and how long I can request to amend the form and when will the req..
UAE
Disclosure in return when goods sold directly from supplier to buyer in another country
Ritik 24 February 2021
A JAFZA based company buying material from Abu Dhabis company directly sell to a customer in Sharjah without physically bringing the material to JAZFA. Where th..
Output tax on sale of Commercial Property
Sumita 24 February 2021
Hello tax friends, what will be the entry in the booksof supplierin case of Output Tax on sale of commercial property since he has raised the Tax invoice but th..
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..

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