On November 11, 2024, the Federal Tax Authority in the UAE released “Tax Returns: Corporate Tax Guide | CTGTXR1” containing the instructions for UAE corporate tax returns guidance. A taxpayer must file financial statements that could be either audited or revenues, formally break down a company’s revenues, expenditures, and assets to sphere requirements of IFRS, study overseas, and provide information regarding permanent establishments (PEs) with connected revenue or losses.