[Applicable for tax periods commencing before 1 January 2025]
[Repealed by Ministerial Decision No. 84 of 2025]
This is not an Official Translation:
Determination of Categories of Taxable Persons Required to Prepare and Maintain Audited Financial Statements for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses
Ministerial Decision No. 82 of 2023
Issued 10 Apr 2023 – (Effective 15 days after publishing in the Official Gazette)
[GTL Notes]
The Minister of State for Financial Affairs has decided:
Having reviewed the Constitution,
Federal Law No. 1 of 1972 on the Competencies of Ministries and Powers of the Ministers, and its amendments,
Federal Decree-Law No. 13 of 2016 on the Establishment of the Federal Tax Authority, and its amendments,
Federal Decree-Law No. 28 of 2022 on Tax Procedures,
Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses,
Article 1 - Definitions
Words and expressions in this Decision shall have the same meanings specified in the Federal Decree-Law No. 47 of 2022 referred to above (“Corporate Tax Law”).
Article 2 - Categories of Taxable Persons Required to Prepare and Maintain Audited Financial Statements
For the purposes of Clause 2 of Article 54 of the Corporate Tax Law, the following categories of Taxable Persons shall prepare and maintain audited financial statements:
A Taxable Person deriving Revenue exceeding AED 50,000,000 (fifty million United Arab Emirates dirhams) during the relevant Tax Period.
A Qualifying Free Zone Person.
Article 3 - Publication and Application of this Decision
This Decision shall be published and shall come into effect (15) fifteen days following the date of its publication.