UAE, 20 May, 2025 : The UAE Ministry of Finance has amended Ministerial Decision No. 82 of 2023 to clarify financial reporting requirements under the Corporate Tax Law (Federal Decree-Law No. 47 of 2022).
Under the updated decision, all tax groups must now prepare audited special purpose aggregated financial statements. However, individual members within a tax group are exempt from preparing audited stand-alone financial statements, reducing the compliance burden.
The decision also introduces procedural clarifications for Qualifying Free Zone Persons involved in goods distribution from Designated Zones. The Federal Tax Authority (FTA) will provide further guidance to support compliance and ensure continued access to Free Zone tax benefits.
Source : www.mof.gov.ae
