IFZA Audit Requirements: A Step-by-Step Compliance Checklist Understanding IFZA audit requirements is important for businesses operating under the International Free Zone Authority, particularly startups and small and medium-sized enterprises. While financial statements are now part of the annual IFZA license renewal process, the type of financial statements required depends on the company’s turnover and employee … Continued
What Is the UAE Domestic Minimum Top-Up Tax? The UAE Domestic Minimum Top-Up Tax, commonly referred to as DMTT, is a domestic minimum tax introduced as part of the UAE’s implementation of the OECD/G20 Two-Pillar Solution. It is intended to ensure that qualifying multinational enterprise groups are subject to a minimum effective tax rate of … Continued
When a company is being acquired, sold, merged, or invested in, due diligence helps the buyer understand what they are actually purchasing. A business may appear financially attractive on the surface, but its underlying records, contracts, tax position, liabilities, or legal risks can tell a very different story. Two of the most important types of … Continued
Companies operating in the Ras Al Khaimah Economic Zone, commonly known as RAKEZ, have ongoing accounting and financial reporting obligations in addition to maintaining a valid business licence. One of the most important requirements is the preparation and submission of annual audited financial statements. RAKEZ states that companies incorporated within its jurisdiction are required to … Continued
UAE businesses operating through Corporate Tax Groups face an important financial reporting requirement in 2026. Under Ministerial Decision No. 84 of 2025 and Federal Tax Authority Decision No. 7 of 2025, Tax Groups are required to prepare and maintain audited special purpose financial statements for Corporate Tax purposes. The requirement applies to Tax Periods commencing … Continued
\Closing a company in Dubai involves more than cancelling its trade licence. A proper liquidation process requires the company to settle its financial obligations, deal with outstanding assets and liabilities, complete the required tax procedures, and submit the documents required by the relevant licensing authority. For many companies, an important part of this process is … Continued
The UAE tax framework generally operates with a five-year limitation period for tax audits and assessments. However, Federal Decree-Law No. 17 of 2025 introduced important provisions that allow the Federal Tax Authority (FTA) to conduct a tax audit or issue a tax assessment for a significantly longer period in specific circumstances. Under the amended Tax … Continued
The UAE tax framework underwent an important procedural update with the issuance of Federal Decree-Law No. 17 of 2025, which amends Federal Decree-Law No. 28 of 2022 on Tax Procedures. The amendments came into effect on 1 January 2026 and introduce changes affecting tax audits, tax assessments, refund claims, voluntary disclosures, credit balances, and the … Continued
Businesses established in the Abu Dhabi Global Market (ADGM) operate under a distinctive legal and regulatory framework. As an international financial centre, ADGM has its own commercial legislation, accounting requirements, filing procedures, and regulatory authorities. Understanding these requirements is important for companies that want to maintain proper compliance and avoid delays, penalties, or regulatory issues. … Continued