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United Arab Emirates: Economic substance considerations for reporting purposes
The economic substance (ES) regulations in the United Arab Emirates (UAE) require that “licensees” (e.g., resident entities licensed to carry out a business activity in the UAE) with a financial year commencing on or after 1 January 2019 and ending on or before 31 December 2019 must notify the designated…
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Click here to read the full story: Deloitte