This Decision updates requirements for preparing audited financial statements from 1 January 2025. It confirms that Taxable Persons with revenue over AED 50 million and all Qualifying Free Zone Persons must have audited financial statements. It introduces a new requirement for Tax Groups to prepare audited special purpose financial statements as prescribed by the Authority. For Non-Resident Persons, the revenue threshold is calculated based on their UAE Permanent Establishments or nexuses. This decision repeals Ministerial Decision No. 82 of 2023 for tax periods commencing on or after 1 January 2025.