Maintenance of Audited Accounts Statements by Taxable Persons
Federal Tax Authority Decision No. 5 of 2023 stipulates the conditions for changing the tax period for corporate tax purposes.
The decision puts a specific criterion for taxable persons to qualify for change of their tax period, effective from 1st June 2023.
Therefore, it is imperative for taxable persons to seek the services of tax consultants UAE to seamlessly determine their tax period and to stay compliant with tax standards.