Yes, where the relevant rules apply. A Qualifying Free Zone Person must prepare and maintain audited financial statements under Ministerial Decision No. 84 of 2025. If it carries on the qualifying activity of distributing goods or materials in or from…
Ministerial Decision No. 197 of 2026 amends the UAE eInvoicing framework from 1 October 2026. It adds a temporary exclusion for transactions within the same VAT Tax Group, revises invoice-record storage rules, changes Article 6(5) to 14 Business Days and…
Your accountant sends the monthly reports. But can you use them to decide which customers to chase, which payments to plan and whether the business is performing better? That is a useful way to assess accounting outsourcing in Dubai. The…
Ministerial Decision No. 197 of 2026 changes parts of the UAE eInvoicing framework from 1 October 2026. It introduces a temporary exclusion for transactions within the same VAT Tax Group, revises record-storage requirements, changes the timing provision in Article 6(5)…
Finance teams should test whether invoices contain the right information, use the correct VAT treatment, reach the intended recipient and complete the required reporting process. They should also check credit notes, supplier invoices, error handling and accounting records before their…
For input VAT recovery in the UAE, your return may show the amount you want to recover. Your records should explain why you are entitled to recover it. For finance teams, that means looking beyond whether an invoice has reached…
UAE eInvoicing applies to business activity generally, and the official definition of Business expressly includes industrial activity. A manufacturer does not receive a separate deadline simply because it operates a factory. Its mandatory date is determined mainly by the revenue…
For Tax Periods starting on or after 1 January 2025, audited financial statements are required under UAE Corporate Tax rules if a Taxable Person that is not a Tax Group earns Revenue exceeding AED 50 million during the relevant Tax…
An ADGM company is not automatically exempt from UAE Corporate Tax. An ADGM company that meets every Qualifying Free Zone Person (QFZP) condition can apply 0% to its Qualifying Income and 9% to Taxable Income that is not Qualifying Income….
Start audit preparation 90 days before your confirmed filing or renewal-linked deadline. That is an operational countdown, not a universal legal deadline. DMCC currently gives companies six months after the end of the financial year to complete and submit the…
