UAE Corporate Tax Framework Expands Mandatory Audit Requirements Ahead of FY2026

Companies in the UAE concluding their financial year on December 31, 2026, are subject to mandatory statutory audit requirements under updated corporate tax compliance frameworks, according to Big News Network.

Pursuant to Article 54 of Federal Decree-Law No. 47 of 2022 and Ministerial Decision No. 84 of 2025, entities with annual revenue exceeding AED 50 million must prepare and submit audited financial statements. This requirement also applies to Qualifying Free Zone Persons seeking to benefit from the 0 percent corporate tax rate on qualifying income.

Tax experts reported that procedural reforms introduce a five-year audit limitation window along with expanded oversight powers for the Federal Tax Authority. To avoid administrative late-filing penalties, businesses are advised to reconcile banking, corporate tax, and VAT records ahead of statutory deadlines.