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August 14, 2026

This guide clarifies the accepted accounting standards for UAE Corporate Tax, as mandated by Article 20. It establishes IFRS as the primary standard, allowing IFRS for SMEs for entities with Revenue under AED 50 million. The guide explains the distinction between the Accrual and Cash Basis of Accounting for calculating Taxable Income. It further details the procedural election to use the realisation basis for gains and losses, and clarifies accounting adjustments for non-arm's length transactions under Article 34 and for specific reliefs such as transfers within a Qualifying Group (Article 26).

Accounting Standards and Interaction with Corporate Tax

Corporate Tax Guide | CTGACS1

November 2023

1. Glossary

2. Introduction

2.1. Overview
2.2. Purpose of this guide
2.3. Who should read this guide?
2.4. How to use this guide
2.5. Legislative references
2.6. Status of this guide

3. Accepted Accounting and Reporting Standards

Contents