As we approach the final quarter of the year, it’s important for UAE businesses to ensure their accounting records are accurate and up to date in preparation for corporate tax compliance and year-end filing.
With the first financial years ending under the UAE Corporate Tax Law, the Federal Tax Authority (FTA) requires companies to maintain complete and accurate accounting records that reflect their taxable income and deductible expenses.
Why This Matters
Proper bookkeeping not only ensures compliance but also helps your business:
• Claim all allowable expenses
• Avoid errors and penalties
• Prepare efficiently for corporate tax filing
• Gain clearer financial insights
IFZA Financial Reporting Requirement
From 30 September 2025, IFZA has introduced a new compliance mandatory part of the renewal process which now requires all entities operating within the Free Zone to submit audited financial statements or where eligible, simplified) financial statements. Upon trade licence renewal for their most recently completed financial year.
Next Steps
Please log in to your Zoho Books account and ensure:
• Your bank feeds are connected and up to date
• All sales invoices are issued directly from Zoho Books, or you are forwarding us your invoice copies so we can upload them for your bookkeeping
Ensuring your Zoho Books are current will allow us to manage your VAT, corporate tax, and audit compliance efficiently and on time.
Need Assistance?
If you need help with Zoho Books setup, bookkeeping support, or preparing audited financial statements for IFZA or corporate tax purposes, our team is here to assist.
📧 Contact us at [email protected] to arrange a review of your records and ensure your business remains fully compliant.
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