UAE businesses must keep complete accounting records and supporting documents for 7 years for Corporate Tax (5 years for VAT, 15 for real estate). Missing records cost AED 10,000 under the Corporate Tax rules, AED 20,000 for a repeat, and your Corporate Tax and VAT returns are only as accurate as the books behind them. Choose your industry below for what to record and how to keep it clean.
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Frequently asked questions
How long must UAE businesses keep their accounting records?+
7 years for Corporate Tax purposes under Article 56 of the Corporate Tax Law. VAT records must be kept for 5 years, or 15 years for real estate. In practice keep everything for 7 years.
What is the penalty for not keeping proper books in the UAE?+
Under Corporate Tax, failing to keep the required records costs AED 10,000, and AED 20,000 for a repeat. Under VAT it is AED 10,000 for a first violation and AED 50,000 for a repeat.
How much does bookkeeping cost in the UAE?+
It depends on transaction volume, the number of bank accounts and whether VAT is involved. Paci's monthly bookkeeping starts from AED 599 a month, with a fixed quote after a free review.
Do I still need bookkeeping if I claim Small Business Relief?+
Yes. Small Business Relief depends on revenue staying at or below AED 3,000,000 in every tax period, you still have to file a Corporate Tax return, and the FTA can ask for the records behind it.
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