| 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 |
| 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 |