As of financial years beginning 1 January 2025, businesses with revenues exceeding AED 50 million and all Qualifying Free Zone Persons must maintain audited financial statements, as per Ministerial Decision No. 84 of 2025.
Audited accounts are required to support corporate tax filings and may be reviewed by the Federal Tax Authority. This development also affects businesses applying for preferential Free Zone tax treatment, which requires full compliance with audit standards.
Companies that have not previously undergone formal audits should begin preparations now, including internal reviews and early engagement with auditors.
Get in Touch
For more information on how any of these developments may affect your organisation or your clients, please contact Suneer Kumar, Head of Corporate Practice on suneer@alsuwaidi.ae and Vida Grace Serrano, Corporate Senior Associate on Vida@alsuwaidi.ae.
Alsuwaidi & Company’s corporate team advises on a wide range of matters including regulatory compliance, investment structuring, M&A, employment, and tax strategy. We support multinational and regional businesses across sectors with practical, commercially grounded legal guidance.