Member News

We are pleased to introduce our free PwC Economic Substance Reporting (ESR) Tool, based on the UAE Ministry of Finance Economic Substance Report Template, released on 3 November 2020.

This tool will help you prepare for the filing of your Economic Substance Report in advance of your actual submission.

Specifically, completion of our ESR Tool will help you to:

- Fully visualise your proposed responses to the questions in the Economic Substance Report  in a pdf format, allowing you to understand and get internal approvals in advance of the formal completion of your Report on the Ministry of Finance’s portal that will go live in December;

- Understand in advance what information and supporting documentation you will need to submit/upload; and

- Identify gaps and possible areas of risk in terms of meeting the Economic Substance Tests for your entity(ies) using our prop methodologies and databases/information.

We hope you find the ESR Tool useful, and if you’d like to understand ESR aspects in more detail, you can visit our dedicated webpage with all our latest news alerts here.

Ensure your business is ready to comply in time. Talk to us today.

James Pollard PwC Middle East Tax Partner
james.pollard@pwc.com