Economic Substance Regulations
Economic Substance Laws
For fiscal years starting on or after 1 January 2023, the UAE repealed the Economic Substance Regulations (ESR). The Federal Tax Authority continues to audit historical ESR filings for reportable periods up to and including financial years ended 31 December 2022. Organisations can manage associated compliance risks and respond to these historical ESR audit obligations with the help of KASA Advisory.
How KASA Advisory can assist
To assist clients during the ESR audit process, we offer a variety of services, such as:
- Pre-audit evaluations to pinpoint possible danger zones
- Support in gathering information and supporting materials that the Federal Tax Authority requests
- Assistance in drafting answers to Federal Tax Authority inquiries
- Assistance throughout the audit procedure
- Post-audit support, such as guidance on assessments or fines brought up by the Federal Tax Authority
Encouraging past ESR adherence
Our method supports efficient interaction with the Federal Tax Authority and lowers the possibility of future compliance problems by assisting organisations in addressing past ESR obligations in an organised and useful way.
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- Testimonial
Client Reviews & Feedback
4.9
53+ Client reviews
We moved off our old accounting system, KASA handled the migration years of client ledgers, matter balances, historical billing and caught inconsistencies in our records that we had been carrying for a while without realising. Everything reconciled at the end of it. They have since kept us straight on VAT and Corporate Tax, and started us on eInvoicing readiness. Good people to have on the finance and IT side.
Ali Arshad
Marlaw, Partner
KASA came in to assess our finance setup and map out where we needed to be for eInvoicing. They handled the technical questions properly. Integration, system compatibility, how the pieces talk to each other and gave us answers we could actually build on. Solid partner for anything on the finance technology side.
Waqar Ahmed
Technical Director, 10X Digital
Our invoicing and record-keeping had outgrown the way we were doing things. KASA helped us fix the process, tighten the controls, and get properly briefed on what eInvoicing will mean for us. Clear advice and they stayed practical throughout. We wil be using them again.
Rahul Gujral
Commercial Director, Brickhub Properties
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Central Office:
Office 31, Real Business Group Building, Ajman.
Contact Us:
Phone: +971 55 724 3050
Email: [email protected]
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Regions We Serve
India
Turkmenistan
United Arab Emirates
Egypt
Libya
