Does this obligation to prepare audited financial statements for Corporate Tax purposes replace other audit requirements under different laws? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 No, it doesn’t change other audit obligations under different laws, but it confirms the obligation specifically for Corporate Tax. Contact us for … Read more

Can I use “certified” financial statements instead of audited ones? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 No, you can’t substitute audited financial statements with “certified” ones. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: Explore our course! Visit our … Read more

Do I need ‘certified financial statements’? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Currently, there’s no requirement for certified financial statements. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: Explore our course! Visit our website today Related Content for UAE … Read more

What does ‘audited financial statements’ mean? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 It means your financial statements must be checked by a registered auditor, following specific auditing standards. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: Explore our course! … Read more

Who needs to prepare and maintain audited financial statements? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 You need to do this if you’re a Taxable Person and your revenue exceeds AED 50 million during the relevant tax period, or if you’re a Qualifying Free Zone Person. Contact us … Read more

Can I use my group’s consolidated financial statements for my UAE business’s tax return? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 No, unless your group only consists of UAE companies forming a tax group, and you make some adjustments. Otherwise, each UAE company subject to Corporate Tax must … Read more

How long should I keep these records? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course You should keep your records and documents for 7 years after the end of the relevant tax period. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: Explore … Read more

What financial records do I need to keep for UAE Corporate Tax purposes? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course If you have to pay UAE Corporate Tax, you need to keep financial statements and all documents that support the information in your tax return. If you’re exempt from … Read more

Does the transferring company need permission from the receiving company to use this relief? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, both companies must agree to use this relief and keep records of their agreement. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master … Read more

Can it apply if someone else issues the shares? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, as long as the issuer directly or indirectly owns at least 50% of the receiving company. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: … Read more