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Ministerial Decision No. 82 of 2023

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

Repealed (still applies to Tax Periods that began before 1 January 2025)

Text as published by the Ministry of Finance

Type: Ministerial Decisions
Issued: 10 April 2023
In effect: 15 days after publication
Topics: Accounting, audit and records

English text as published by the Ministry of Finance. The Arabic text prevails.

Preamble and recitalsMinisterial 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
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. 13 of 2016 on the Establishment of the Federal Tax Authority, and its amendments,
-Federal Decree-Law No. 28 of 2022 on Tax Procedures,
-Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses,
Has decided:

#Article 1 Definitions

Words and expressions in this Decision shall have the same meanings specified in the Federal Decree-Law No. 47 of 2022 referred to above (“Corporate Tax Law”).

#Article 2 Categories of Taxable Persons Required to Prepare and Maintain Audited Financial Statements

For the purposes of Clause 2 of Article 54 of the Corporate Tax Law, the following categories of Taxable Persons shall prepare and maintain audited financial statements:

1.A Taxable Person deriving Revenue exceeding AED 50,000,000 (fifty million United Arab Emirates dirhams) during the relevant Tax Period.

2.A Qualifying Free Zone Person.

#Article 3 Publication and Application of this Decision

This Decision shall be published and shall come into effect (15) fifteen days following the date of its publication.

Mohamed bin Hadi Al Hussaini Minister of State for Financial Affairs

Issued by us: On: 19/ RAMADAN /1444 Corresponding to: 10/04/2023

Source: Ministry of Finance publication, ed. “MOF text”. Original file.