09 Tax Procedures and Tax Reporting in the UAE

A Brief Overview of Legislation by Real Law

Who is this overview for

• Foreign investors assessing risks and planning activities in accordance with UAE tax requirements.
• Entrepreneurs and business owners looking to avoid fines and comply with local legislation.
• Financial consultants and accounting firms providing up-to-date advice to their clients.

Key regulation areas

Tax procedures in the UAE are regulated by Federal Decree-Law No. 28 of 2022 On Tax Procedures (hereinafter referred to as the Law), which replaced the previous law.

Main aspects of the Law:

1. Registration and Record Keeping. According to Article 4 of the Law, companies are required to keep accounting records and preserve all tax documents and commercial books for a minimum of five years. All information must be submitted to the regulatory authorities in Arabic (Article 5 of the Law).

2. Filing Tax Returns. Companies shall file tax returns on time and pay taxes. Article 8 of the Law regulates the procedure for filing returns, including the responsibility for the accuracy of the information provided. Incomplete and inaccurate returns may be rejected.

3. Voluntary Disc...