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What you need to know now
The 2023 deadline discussed below has expired. A previous extension does not establish your current filing date; check the current DMCC instructions against your company’s financial year-end.
The original article is preserved below as a historical record. Earlier deadlines, rates, offers and approval statements should not be used as current guidance.
- Identify the year-end and the exact reporting period, not merely the year in a news headline.
- Work backwards from the applicable filing date to allow time for corrections and signatures.
- Retain the portal receipt and resolve any returned submission.
Keep the 2023 deadline in its historical context
The “latest update” in the original headline referred to information published in 2023. It is no longer a current deadline notice. When reviewing that period, identify the financial statements involved and any correspondence retained by the company about the applicable filing date. Do not assume that an extension announced for one year automatically changes later reporting periods. Historical notices can explain a company’s old timetable, but current action should follow present authority instructions.
Use a reporting calendar rather than a single reminder
An audit submission depends on several earlier tasks: closing the ledger, resolving material reconciliations, providing evidence, answering audit questions and approving the final statements. A single reminder shortly before the filing date does not show whether those tasks are on track. Work backwards from the confirmed deadline and assign an owner to each milestone. Include time for management review and the signed documents required for the submission, rather than treating them as administrative steps that take no time.
Coordinate accounting and tax work without merging them
The 2023 period also marked a change in the UAE corporate tax environment, making clear record organisation particularly useful. However, the authority’s annual financial statement submission and a tax registration or return requirement are separate matters. Ask the responsible advisers to identify the records each needs and any differences in period coverage or calculations. Reusing a well-organised ledger can support both workstreams, but completing one submission does not by itself establish that the other is complete.
Retain evidence of what was filed
Keep the final signed financial statements, the auditor’s report, the submitted summary sheet and the authority acknowledgement in one controlled folder. If an application was returned, retain the query and the corrected version so that the file explains the final position. Record who checked the portal status and any follow-up action. This makes a later review of the 2023 filing more reliable and helps new staff distinguish completed work from a draft package that was prepared but never accepted.
YOUR NEXT STEPS
A practical way forward
- 01
Step 1
Check the member portal and current authority notices.
- 02
Step 2
Give the auditor the final ledger and supporting schedules.
- 03
Step 3
Review, sign and submit the required package before the confirmed deadline.
CLEAR ANSWERS
Frequently asked questions
Does the September extension recur each year?
Do not assume that it does. Confirm any extension for the specific year and entity.
What if the old date has already passed?
Check your outstanding filing position in the portal and agree a completion plan promptly; do not rely on the archived announcement.
Read the original article First published 22 June 2023 · retained for context
This earlier article is preserved for context. Its rates, deadlines, approvals and announcements may have been superseded. Use the current guidance and official references on this page for your next step.
DMCC Audit Deadlines 2023 -The latest update
DMCC Audit Deadlines 2023 Extended: Important Guidelines for Compliance
The DMCC audit submission deadlines for 2023 has been extended to 30 September 2023, allowing additional time for businesses to fulfill their obligations. This extension specifically applies to the submission of annual audited financial statements for the period of 1 January to 31 December 2022.
To support businesses during these challenging times, DMCC has granted a 3-month extended grace period. However, it’s crucial to note that this grace period will expire on 30 September 2023, with no further extensions considered beyond that date. Non-compliance may result in penalties or other regulatory actions as outlined in the DMCC Free Zone regulations.
To ensure a smooth and timely submission, follow these steps:
- Prepare the annual financial statement for January to December 2022 through a DMCC-approved auditor.
- Verify the accuracy and completeness of all financial data included in the statement.
- Obtain necessary signatures or approvals from relevant personnel involved in the audit process.
- Submit an online request via the DMCC Member Portal. Access the portal, go to Company Services > Compliance Services, and create a service request titled “Submit Company Audited Financial Statements Summary Sheet and Report.”
By adhering to these guidelines, you can effectively fulfill your compliance obligations and avoid unnecessary penalties. Take advantage of the extended deadline to ensure a successful audit submission. If you have any queries or require assistance, please don’t hesitate to reach out to us.
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VERIFY THE DETAIL
Official sources & further reading
Source checks support this general guide. Your treatment depends on the facts, tax period and applicable legislation.
