The UAE Ministry of Finance has published Ministerial Decision No. 84 of 2025, which updates and replaces Ministerial Decision No. 82 of 2023 on the requirement for taxpayers to prepare and maintain audited financial statements for corporate tax purposes. The latest decision maintains that the following persons shall prepare and maintain audited financial statements: A taxable person that is not a tax group and that derives revenue exceeding AED 50 million during the relevant tax period; and A qualifying free zone person. The latest decision also adds: A tax group shall prepare and maintain audited special purpose financial statements (i.e.,...