The UAE Ministry of Finance has introduced Ministerial Decision No. 84 of 2025, updating the existing audit requirements for companies under the Federal Decree-Law No. 47 of 2022 on corporate taxation read with Ministerial Decision 82 of 2023 (which is now repealed but would continue to apply to tax periods that commenced before 1 January 2025). This new decision strengthens financial transparency and compliance as the UAE’s corporate tax regime matures.
Based on the new decision, the following taxable persons must maintain audited financial statements: -
In addition to the above, the new decision further lays down the following additional requirements/clarifications:
Who Is Affected?
Compliance Timeline
As mentioned above, the new decision and audit rules will apply to tax periods starting from 1 January 2025 and the erstwhile decision would continue to apply for tax periods beginning before 1 January 2025.
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