-
Statutory Audit
We conduct an integrated audit, which combines the financial statement audit,independent and objective assurance on financial information, transactionsand processes.
-
Limited Review
We offer services relating to reviews of historical financial informationby expressing negative assurance on such historical financial information.
-
Agreed Upon Procedures
We engage with organisationsto perform specific procedures and report findings to conform to their needs.
-
In-Country Value (ICV)
ICV certification guidance from Grant Thornton UAE—your partner in compliance, competitiveness and growth.
-
Financial Reporting Advisory Services (FRAS)
Our team provides timely advice on the impact of accounting changes to assist businesses in the development of an appropriate implementation roadmap.
-
Business Consulting
Grant Thornton UAE provides organisations with implementable plans that drive sustainable growth strategies to grow and optimise their business performance.
-
Business Risk Services
Organisations need to understand risks thoroughly to be able to manage them better. Grant Thornton UAE helps businesses achieve the best balance between minimising risk exposure, optimising profitability and developing compliance review checklists.
-
Regulatory Advisory Services
Grant Thornton UAE's extensive understanding of the overarching supervisory framework within the region equips our professionals to support financial institutions comply and abide by the set of regulatory mandates throughout the rapidly evolving ecosystem.
-
Financial advisory
Grant Thornton UAE works with organisations on transactions from start to finish, assisting with strategy, identifying risks, executing deals, and helping to unlock their potential for growth and value creation.
-
Technology Advisory & Cybersecurity
IT and technology are fundamental to drive the performance of businesses. Through leveraging the power of technology, Grant Thornton UAE helps organisations define and identify growth opportunities to achieve value-driven transformation and innovation.
-
Forensics
Fraud and corruption pose a growing challenge worldwide. As the commercial landscape changes, an increasingly regulated environment requires stringent governance and compliance processes. Grant Thornton UAE helps organisations navigate challenges and crisis with a hands-on approach coupled with the use of technology.
-
ESG Services
The Environment, Social and Governance (ESG) agenda has gained significant traction over the years, to become one of the key strategic aspects of any business. It is imperative that all organisations, irrespective of industry sector, engage with their stakeholders and prioritise ESG practices to unlock sustainable growth opportunities.
-
Business Process Solutions
Our team at Grant Thornton offers comprehensive and cost effective outsourced solutions, enabling stakeholders and business owners to focus on their core business goals.
-
Corporate Tax
Our diversified team of corporate tax subject matter experts combines a perfect blend of international experience across several industry sectors, technical expertise, and commercial nuances with a commitment to deliver exceptional value to your business.
-
VAT
The VAT team at Grant Thornton is well versed with the VAT Laws applicable across the region and holds valuable experience and professional accreditation in assisting clients across diverse industries to comply with the VAT obligations.
-
Transfer Pricing
Grant Thornton UAE assists its clients in providing transfer pricing solutions that are implementable and operational, considering the facts and concerns of its clients.
-
International Tax and Tax Due Diligence
Grant Thornton UAE supports multinational groups to optimise their tax structures. We can also assist businesses in analysing existing group transactions and inter-group supplies, as well as advising on potential implications of various taxes to facilitate an efficient Group tax structure.
-
Economic Substance Requirements
Economic Substance rules were introduced in the UAE in 2019, requiring UAE businesses that undertake certain ‘Relevant Activities’ to maintain and demonstrate adequate substance.
-
Customs and International Trade
The team at Grant Thornton is positioned centrally to assist the businesses with global cross-border tax structuring, planning and compliance needs.
-
Excise Tax
We provide Excise Tax related advisory and compliance services to the producer, importer, and the storekeeper of excisable goods
In this edition, we spotlight a pivotal regulatory development from the UAE Federal Tax Authority (FTA) that carries significant implications for entities operating as Tax Groups under the Corporate Tax Law.
The United Arab Emirates Federal Tax Authority (FTA) has issued Decision No. 7 of 2025, introducing formal requirements for the preparation and maintenance of audited special purpose financial statements for entities classified as a Tax Group under the Corporate Tax Law (Federal Decree-Law No. 47 of 2022). This development represents a significant regulatory milestone with direct implications for corporate tax compliance and financial reporting.
Overview of key requirements
Effective for tax periods commencing on or after 1 January 2025, Tax Groups are required to prepare aggregated financial statements that:
- Consolidate the standalone financial statements of each member of the Tax Group
- Eliminate intra-group transactions to reflect only external activities
- Comply with either International Financial Reporting Standards (IFRS) or IFRS for Small and Medium-sized Entities (IFRS for SMEs), subject to specific exceptions outlined in the Decision (e.g., treatment of business combinations under IFRS 3, consolidated reporting under IFRS 10, and adjustments related to goodwill and fair value)
Components of aggregated financial statements
Audit and submission requirements
The aggregated financial statements must be audited in accordance with a special purpose framework, aligned with International Standards on Auditing (ISA). The audited financials are to be submitted to the FTA within nine months following the end of the applicable tax period, unless an alternative deadline is specified by the Authority.
This regulatory update is a focal point in the latest issue of our Tax newsletter, which provides in-depth analysis, industry insights, and practical guidance on navigating the new requirements.
Access the full newsletter to stay informed and prepared for the upcoming compliance obligations.
Download the newsletter here
In our July & August 2025 edition of GT’s regional monthly tax newsletter, we provide the latest news updates affecting international tax, corporate tax, transfer pricing, and indirect taxes in the UAE and across the Middle East region.
