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Businesses reminded by the Federal Tax Authority to meticulously maintain their corporate tax records

FTA underscores the significance of precise record-keeping for UAE Corporate Tax entities, emphasizing the necessity of having correct documentation to back up information submitted in their tax filings.

, and Administrator

2025 September 8 . 9:51 AM

2 min read

Businesses Noted by the Federal Tax Authority to Preserve Corporate Tax Documentation

Businesses reminded by the Federal Tax Authority to meticulously maintain their corporate tax records

The Federal Tax Authority (FTA) in the United Arab Emirates has underscored the significance of timely submissions and accurate record-keeping for all entities subject to UAE Corporate Tax. This includes both taxable and exempt persons.

According to the FTA, businesses must retain records such as transaction logs, asset purchases and disposals, liabilities, and shareholdings for at least seven years after the end of the relevant tax period. This requirement applies to both taxable and exempt persons, serving as proof of taxable income or exemption status.

Moreover, the FTA has set a deadline for corporate tax returns: nine months from the end of each financial year. For instance, companies closing their books on 31 December 2025 must file and pay by 30 September 2026. Timely submission of corporate tax returns is crucial to avoid fines and late penalties.

The importance of proper record-keeping is emphasized, as it is crucial for timely submissions and to avoid penalties. Failure to maintain these records could result in administrative penalties in line with the Tax Procedures Law and Corporate Tax Law.

It is worth noting that the FTA has not announced any changes to the requirement for businesses to retain records or to the document retention periods beyond the existing seven years. Similarly, the FTA has not stated any new exemptions or changes to the requirement for exempt persons to keep documentation demonstrating the basis of their exemption.

The FTA has also not specified any new consequences for failure to maintain records beyond administrative penalties in line with the Tax Procedures Law and Corporate Tax Law. However, non-compliance with the corporate tax return deadline may lead to administrative penalties.

In conclusion, businesses in the UAE are expected to maintain accurate records and supporting documents and submit their tax returns by the specified deadlines to avoid penalties and ensure compliance with the UAE Corporate Tax regulations.