By Alia Noor, FCMA, CIMA, MBA, Oxford fintech programme, GCC VAT Comp Dip,COSO Framework.
Associate Partner Ahmad Alagbari Chartered Accountants, UAE 
Founder xpertsleague

UAE Ministerial Decision No. 82 of 2023- Taxable Persons Required to Prepare and Maintain Audited Financial Statements

UAE published 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

This Ministerial Decision was published on 10 April 2023 and is in effect from 25 April 2023.

 This Ministerial Decision provides that the following Taxable Persons shall prepare and maintain audited financial statements:

1. Taxable Persons deriving revenues exceeding AED 50,000,000 ($13.6 million); and
2. Qualifying Free Zone Persons (QFZP).

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alia noor

Keynote Speaker, Author and Trainer . Having more than 13 years’ experience in Management Consultancy, VAT and External Audit with set of professional qualifications CIMA, FCMA and MBA along with Certifications in Oxford Fintech Programme, Digital Mindset, COSO Enterprise Risk Management, COSO Internal control from AICPA and GCC VAT Diploma.

Currently working as Associate Partner at Ahmad Alagbari Chartered Accountants and Director VAT at Leading Edge Alliance Tax Consultants .

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