DISPLAYING ITEMS BY TAG: MOF

As part of our commitment to regulatory compliance, we wish to bring to your attention the ongoing cooperation and coordination between Jebel Ali Free Zone (Jafza) and the Ministry of Finance (MOF) through established agreements aimed at facilitating the exchange of tax-related information. This collaboration plays a vital role in ensuring effective tax management and compliance with the international obligations and agreements to which the United Arab Emirates is a party.

In this regard, we kindly request your cooperation in responding promptly and accurately to any tax-related requests you may receive from the Ministry of Finance through our Licensing and Registration Team. Your support is vital for ensuring smooth operations and compliance with these regulatory requirements.

All information shared with the Ministry of Finance will be handled with the utmost confidentiality in accordance with data protection standards. Access to this data is strictly limited to authorised personnel within the MOF, ensuring that no sensitive information is disclosed to unauthorised parties.

DAZ urges its valued customers to submit the required documents as per the Economic Substance Regulations and ensure their accuracy in order to avoid fines from the concerned authorities.

Requirements for submitting the Economic Substance Report
• Submitting notifications:
Companies whose fiscal year ended on [31 December 2021] must submit their Economic Substance notifications on the Ministry of Finance portal by [30 June 2022]

• Submitting reports:
Companies whose fiscal year ended on [30 June 2021] must submit their Economic Substance report on the Ministry of Finance portal by [30 June 2022]

Please note that failure to complete the submission process may result in a penalty.

For more information, please visit the Ministry of Finance website: Economic Substance Regulations (mof.gov.ae)

Jebel Ali Free Zone (Jafza) urges its valued customers to submit the required documents as per the Economic Substance Regulations and ensure their accuracy in order to avoid fines from the concerned authorities.

Requirements for submitting the Economic Substance Report
• Submitting notifications:
Companies whose fiscal year ended on [31 December 2021] must submit their Economic Substance notifications on the Ministry of Finance portal by [30 June 2022]

• Submitting reports:
Companies whose fiscal year ended on [30 June 2021] must submit their Economic Substance report on the Ministry of Finance portal by [30 June 2022]

Please note that failure to complete the submission process may result in a penalty.

For more information, please visit the Ministry of Finance website: Economic Substance Regulations (mof.gov.ae)

NIP urges its valued customers to submit the required documents as per the Economic Substance Regulations and ensure their accuracy in order to avoid fines from the concerned authorities.

Requirements for submitting the Economic Substance Report
• Submitting notifications:
Companies whose fiscal year ended on [31 December 2021] must submit their Economic Substance notifications on the Ministry of Finance portal by [30 June 2022]

• Submitting reports:
Companies whose fiscal year ended on [30 June 2021] must submit their Economic Substance report on the Ministry of Finance portal by [30 June 2022]

Please note that failure to complete the submission process may result in a penalty.

For more information, please visit the Ministry of Finance website: Economic Substance Regulations (mof.gov.ae)

Ministry of Finance has launched an interactive Economic Substance e-learning platform in English and Arabic.

To visit the platform, please click here.

The purpose of the e-learning platform is to help provide a foundational understanding of the Economic Substance Regulations for businesses and Regulatory Authorities.