As the new ESR policy is implemented throughout the UAE, the majority of the business owners have filed their notification some time go as the deadline for the reporting has passed in June 2020. Few of them are in the process of filing their late application, after paying a hefty penalty of AED 30,000 to 50,000 while some are facing suspension, non-renewal or revocation of license. But most importantly, the process has not ended as the businesses have to submit an annual report within the end of their financial year. Also, it must be done within the stipulated time and in the same way, the regulatory authority has prescribed. This ESR reporting will become a nightmare for the majority of the businesses as it would contain records of sales/ purchase of the material/ service.