Free tool · five answers
Which accounts does your company need?
Accounting basis, standard, audit, VAT registration, e-invoicing and record keeping: answer five questions and see the rules that apply, with the law behind each.
What is your annual revenue?
What kind of entity is it?
Are you a Qualifying Free Zone Person (claiming 0% on qualifying income)?
Are you part of a corporate tax group?
Your taxable supplies over the last 12 months?
Under the hood
The rules behind the answers
- 1
Basis and standard
Ministerial Decision No. 114 of 2023: cash basis is allowed where revenue does not exceed AED 3 million; IFRS for SMEs where it does not exceed AED 50 million; full IFRS otherwise.
- 2
Audits
For corporate tax, Ministerial Decision No. 84 of 2025 requires audited statements above AED 50 million of revenue, for every Qualifying Free Zone Person and for every tax group. Company law separately requires every LLC and joint stock company to be audited each year.
- 3
VAT
Registration is mandatory above AED 375,000 of taxable supplies in 12 months, and voluntary from AED 187,500 (Cabinet Decision No. 52 of 2017).
- 4
E-invoicing
Revenue of AED 50 million or more: appoint an Accredited Service Provider by 30 October 2026 and go live on 1 January 2027. Everyone else: by 31 March 2027, live on 1 July 2027.