As a major aspect of the UAE’s responsibility as a party to the OECD Inclusive Framework, and in light of an appraisal of the UAE’s assessment structure by the European Union (“EU”) Code of Conduct Group on Tax on Business, the UAE presented a Cabinet Resolution for Economic Substance by virtue of Cabinet of Ministers Resolution. Read more: https://www.professionallawyer.me/ask-elhais/commercial-law/what-you-need-to-know-about-uae-economic-substance-regulation/
