Full financial statements are the backbone of every UAE CT return and bank facility. Here is what they must contain in 2026.
Components of IFRS financials
- Statement of Financial Position (Balance Sheet)
- Statement of Profit or Loss and OCI
- Statement of Changes in Equity
- Statement of Cash Flows
- Notes with accounting policies and disclosures
Audit requirements
- Revenue > AED 50M — statutory audit
- QFZP — audit mandatory
- Free-zone-specific rules (e.g. DMCC, JAFZA) may require audit regardless of size
- Below thresholds — IFRS-compliant unaudited financials
CT alignment
Taxable income starts from the IFRS accounting profit; adjustments are added in the CT return, not the financial statements.
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Frequently asked questions
Quick answers to common UAE bookkeeping questions.
This article is for general guidance only and reflects FTA rules as of July 2026. Always confirm your specific position with a qualified UAE tax advisor.