What We are Doing
Why Dubai Businesses Can No Longer Treat Bookkeeping as Optional
Three years ago, many Dubai SMEs relied on spreadsheets and paper invoices. Today, that’s a serious business risk.
Under UAE Corporate Tax, businesses must maintain IFRS-compliant financial records, retain them for 7 years, and file tax returns within 9 months of the financial year-end. Late filing penalties start at AED 500 per month, while unpaid tax attracts 14% annual interest.Even businesses claiming Small Business Relief must register, file annual returns, and maintain proper records. With mandatory e-invoicing rolling out from 2026–2027, accurate bookkeeping is no longer optional—it’s essential for staying compliant and avoiding costly penalties.





