Introduction

The corporate tax return filing season begins once your financial year ends. UAE businesses must complete year-end closing and prepare for submission to avoid errors and penalties.

Here’s a practical checklist to help you prepare your tax return efficiently.

Year-End Tax Preparation Checklist

1. Reconcile All Financial Accounts
   • Match income, expenses, bank statements, and receivables
2. Ensure Audited Financials (if required)
   • Mandatory for QFZPs and entities > AED 50M revenue
3. Review Related Party Transactions
   • Prepare transfer pricing documentation if threshold met
4. Calculate Adjusted Taxable Income
   • Adjust for exempt income, non-deductibles, SBR elections
5. Verify Registration and Filing Access on FTA Portal
6. Submit the Return On Time
   • 9 months after financial year-end

Pro Tips

• Close books early to allow time for tax review
• Involve your tax advisor before finalizing returns
• Maintain 7-year records to handle audits
• Use the FTA’s return format/template to avoid formatting issues

Final Thoughts

Year-end tax filing isn’t just a formality — it’s a legal obligation with real consequences. Proper preparation saves money, reduces stress, and ensures full compliance.

Need a Year-End Tax Advisor?

Think Biz Management Consultancies offers:

• Financial year-end closing support
• Tax calculations and filing
• Audit coordination and compliance

Reach out before your deadline sneaks up

Contact us today for a free consultation.

Contact number: ‪+971 50 983 0334‬

Email ID: info@alphabets.ae