The DIFC building in Dubai. ARCHIVE

The UAE Federal Tax Authority (FTA) has reminded businesses that all Taxable Persons subject to Corporate Tax must maintain full records and documents to support information provided in their tax returns. The FTA said that accurate record-keeping is critical to verifying taxable income and ensuring compliance with the Corporate Tax Law. Required documentation includes: • A record of all transactions during the tax period • Asset registers, including purchases or disposals • Liabilities • Shareholding records “Failure to maintain records in accordance with the Tax Procedures Law and Corporate Tax Law will result in administrative penalties,” the FTA warned. The FTA also stressed that even Exempt Persons must retain records proving their exemption status. All entities — taxable or exempt — must retain records for seven years after the end of the tax period. Taxable Persons must file returns and settle Corporate Tax within nine months of the end of their financial year. For instance, a company whose fiscal year ends on December 31, 2025, must submit its return and pay tax by September 30, 2026. All corporate tax services, including registration and filing, are available digitally via the EmaraTax platform. Businesses can also consult FTA guides, Cabinet Decisions, and awareness materials available at tax.gov.ae. ICA/Expat Media
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