Corporate tax record keeping UAE businesses can rely on at year end

You ask in plain English, the AI does the bookkeeping work, and you or your accountant approve the result.

• You ask: “Show me everything this year that might need a corporate tax adjustment.”
• The AI agent: The agent pulls entries from accounts and tags that usually need attention, such as client entertainment, fines and penalties, donations, payments to owners and related parties, and capital purchases booked as expenses, and totals them by type.
• You review: Your accountant or tax agent decides the actual adjustments, completes the computation and files the return on EmaraTax.

Taxable income up to AED 375,000 is taxed at 0% and income above it at 9%. The FTA says taxable persons must keep the records that support their return, including transactions for the period, assets bought and sold, liabilities and shares held, and keep them for at least seven years after the end of the tax period. The return and payment are due within nine months of the period end.

The chart of accounts separates items that are often adjusted, so entertainment does not sit inside general marketing and penalties do not hide in bank charges. Contacts can be marked as related parties, which lets the agent list every payment to a director, a sister company or a family member in one report.

Bills over an amount you set are flagged as possible capital items, so a AED 22,000 coffee machine goes to fixed assets rather than kitchen supplies. Every receipt and invoice stays attached to its entry, and the audit log records who changed what.

• Separate accounts for entertainment, fines, donations and owner costs
• Related-party tag on contacts, with a dedicated report
• Capital-item prompt on large bills
• Source documents attached to entries for the full retention period

A metal fabrication workshop in Ras Al Khaimah shows an accounting profit of AED 610,000. HelloBooks lists AED 18,000 of client entertainment, a AED 4,000 traffic fine on a company van and AED 60,000 paid to a company owned by the founder's brother. The tax agent reviews these, makes the adjustments the law requires and arrives at the taxable income figure. The tax on the part above AED 375,000 is calculated at 9%, and the workings are saved against the year.