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Ministerial Decision No. 84 of 2025 In Force

Ministerial Decision No. 84 of 2025 on Audited Financial Statements

Issued 25 March 2025
Effective Tax Periods commencing on or after 1 January 2025
Implements Art. 54
Replaces MD 82/2023
What changed from MD 82/2023
  • Art. 2 — Expanded from 2 to 4 clauses: Tax Groups now excluded from AED 50M threshold; new requirement for Tax Groups to prepare special purpose financial statements; new QFZP distributor compliance clause; Non-Resident Persons assessed only on UAE PE/nexus revenue
  • Art. 1 (Definitions) — minor wording only
View repealed version (MD 82/2023)

Source text

Preamble

Minister of State for Financial Affairs:

  • Having reviewed the Constitution,
  • Federal Law No. 1 of 1972 on the Competencies of Ministries and Powers of the Ministers, and its amendments,
  • Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, and its amendments,
  • Ministerial Decision No. 82 of 2023 on the Determination of Categories of Taxable Persons Required to Prepare and Maintain Audited Financial Statements for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses,
  • Ministerial Decision No. 114 of 2023 on the Accounting Standards and Methods for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses,
  • Ministerial Decision No. 265 of 2023 Regarding Qualifying Activities and Excluded Activities for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses,

Has decided:

Article 1 — Definitions #sec-1

Words and expressions in this Decision shall have the meanings specified in the Federal Decree-Law No. 47 of 2022 referred to above ("Corporate Tax Law"), unless the context otherwise requires.

Article 2 — Preparing and Maintaining Audited Financial Statements #sec-2

AmendedExpanded from 2 to 4 clauses; Tax Group and Non-Resident rules added

  1. For the purposes of Clause (2) of Article (54) of the Corporate Tax Law, all of the following shall prepare and maintain audited financial statements:
    1. A Taxable Person that is not a Tax Group and that derives Revenue exceeding AED 50,000,000 (fifty million United Arab Emirates dirhams) during the relevant Tax Period.
    2. A Qualifying Free Zone Person.
  2. For the purposes of Clause (2) of Article (54) of the Corporate Tax Law and Article (3) of Ministerial Decision No. 114 of 2023 referred to above, a Tax Group shall prepare and maintain audited special purpose financial statements in accordance with the form, procedures and rules specified by the Authority.
  3. Without prejudice to Clause (1) of this Article, a Qualifying Free Zone Person engaged in the activity of distribution of goods or materials in or from a Designated Zone in accordance with Ministerial Decision No. 265 of 2023 referred to above shall comply with any additional procedures prescribed by the Authority.
  4. For the purposes of calculating the Revenue threshold specified in Clause (1) of this Article for a Non-Resident Person, only Revenue derived through Permanent Establishments and/or nexuses in the State shall be taken into account.
Related Legal Instruments
FTA Decision No. 6 of 2026 — QFZP Distribution Compliance ProceduresRequires QFZPs distributing goods in or from a Designated Zone to file an agreed-upon procedures (AUP) report on reseller and Designated Zone status.FTA Decision No. 7 of 2025 — Audited Financial StatementsRequirements for preparing and maintaining audited financial statements.Public Clarification CTP007 — Tax Group Financial Statements & AuditHow to prepare aggregated Financial Statements for Tax Groups, the 11 requirements, and audit obligations (all Tax Groups audited from 2025).Public Clarification TAXP010 — Free Zones & Designated ZonesExplains what counts as a Free Zone or Designated Zone separately under the Corporate Tax, Excise Tax and VAT Laws, and the key differences; a VAT Designated Zone is not automatically a Corporate Tax Designated Zone.

Article 3 — Repeals #sec-3

Ministerial Decision No. 82 of 2023 referred to above shall be repealed but it shall continue to apply to Tax Periods that commenced before 1 January 2025.

Article 4 — Application of the Decision to Tax Periods #sec-4

This Decision shall apply to Tax Periods commencing on or after 1 January 2025.

Article 5 — Publication and Application of the Decision #sec-5

This Decision shall be published and shall come into effect on the date of its issuance.

Related on TaxTrace10
Corporate Tax Law
Federal Decree-Law No. 47 of 2022 Article 54 — Financial Statements
Related decisions and clarifications
Ministerial Decision No. 82 of 2023 — Audited Financial Statements(Repealed)Requirements for maintaining financial statements and accounting records.Cabinet Decision No. 100 of 2023 — Qualifying Income for Free Zone PersonsSets conditions for a Free Zone Person to be treated as a Qualifying Free Zone Person.FTA Decision No. 7 of 2025 — Audited Financial StatementsRequirements for preparing and maintaining audited financial statements.Public Clarification CTP007 — Tax Group Financial Statements & AuditHow to prepare aggregated Financial Statements for Tax Groups, the 11 requirements, and audit obligations (all Tax Groups audited from 2025).Ministerial Decision No. 114 of 2023 — Accounting Standards & MethodsSpecifies applicable accounting standards for determining Taxable Income.FTA Decision No. 6 of 2026 — QFZP Distribution Compliance ProceduresRequires QFZPs distributing goods in or from a Designated Zone to file an agreed-upon procedures (AUP) report on reseller and Designated Zone status.Public Clarification TAXP010 — Free Zones & Designated ZonesExplains what counts as a Free Zone or Designated Zone separately under the Corporate Tax, Excise Tax and VAT Laws, and the key differences; a VAT Designated Zone is not automatically a Corporate Tax Designated Zone.
FTA has answered — FTA Private Clarifications Summary (May 2026)
Q Can the requirement for financial statements to be audited be satisfied by an overseas auditor?Q In the case of an investment business, is the AED 50 million minimum revenue threshold for audited financial statements based on gross or net revenue?

The full summary →

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