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Home Services Accounting and Reporting in the UAE: Key Regulations

Legislative Foundations

Accounting in the UAE is regulated by two key documents:

Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses

  1. Article 54 (Record Keeping Obligations): All taxpayers are required to keep records of the company's income, expenses, assets, and liabilities, and retain documents supporting these data for at least 7 years.
  2. Article 55 (Accessibility of Records): All documentation must be accessible to the Federal Tax Authority (FTA) upon request and presented in a readable, electronic, or paper format.

Federal Law No. (32) of 2021 – Commercial Companies Law

  1. Article 26 (Accounting Records): All companies are required to maintain accounting records in accordance with international standards and ensure the preservation of records within the UAE or on a server accessible to the regulator.

All companies are required to maintain accounting records in accordance with international standards and ensure the preservation of records within the UAE or on a server accessible to the regulator.

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What is Accounting in the UAE?

This is your company's mandatory financial system, which must be maintained:

  • In an approved accounting program (only from accredited suppliers).
  • In accordance with the chosen financial year.
  • With subsequent reporting and tax payment.

Which Program to Use?

The UAE Tax Authority (FTA) has approved a list of 32 accredited programs, including:

  • QuickBooks;
  • Zoho Books;
  • Firstbit ERP.
Important

Even if you used a similar system in your country, in the UAE it must be purchased from an accredited vendor, otherwise the reports will not be accepted.

UAE Tax Authority website — tax.gov.ae.

Who is Required to Submit Reports?

  1. All companies, regardless of registration form — both local (Mainland) and free zones.
  2. Anyone with business activity in the UAE, especially when working with local clients and suppliers.
  3. Companies with income from 375,000 AED are required to pay corporate tax.
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Deadlines and Penalties

  • You must register in the corporate tax system within 30 days of obtaining the license.
  • Late registration — penalty of 10,000 AED.
  • The submission of reports depends on the chosen financial year, which is specified in the charter.

We help select the optimal period and monitor all deadlines.

Who Should Have Access to the Tax Cabinet?

  1. The login and password for the taxpayer's personal account should be with you — the company owner.
  2. The accountant may have access — only with your permission.
  3. All notifications should be sent to your email so that you are informed.

We help register accounts, save passwords, and do not hide anything from clients.

How to Choose an Accountant?

  • Look for someone with whom it is convenient to communicate and discuss numbers clearly.
  • Ensure they keep records in your system, not on their own "on the side".
  • Demand clear reports, access to documentation, and primary records.

What Does Our Service Include?

✔ Consultations on all issues: from VAT to choosing a financial year.

✔ Online, offline service, and accounting recovery.

✔ Russian-speaking and English-speaking accountants to choose from.

✔ NDA (link to glossary) and secure data storage.

✔ Monthly reports, templates, documents — tailored to your business type.

We work responsibly with a guarantee of results and always stay in touch — from the first question to the submission of the declaration.

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