All UAE businesses must register with the Federal Tax Authority and submit an annual corporate tax return, even if they are exempt.
Businesses must keep complete and accurate financial records for at least five years, including ledgers, journals, and supporting documentation.
Corporate tax returns must be submitted within nine months of the end of the financial year. Errors or delays can lead to penalties.
Once your business revenue crosses AED 375,000 in any rolling 12-month period, VAT registration becomes mandatory within 30 days.
The core steps in tax accounting include: