The Dubai Aviation City Corporation (DACC) in the UAE reportedly issued Circular No. 002 of 2020 on 7 May 2020, which sets a 7 June 2020 deadline for the submission of the economic substance notification by DACC licensed persons in respect of the financial year ending 31 December 2019. The DACC has also set a 31 December 2020 deadline for the submission of the annual economic substance return to demonstrate that a business meets the economic substance requirements, which is line with the standard rule under the UAE Economic Substance Regulations that returns must be submitted within 12 months of...