IFRS in the UAE, the practical view.

Which IFRS standards apply in the UAE, when SMEs can use IFRS for SMEs, and how ETX produces IFRS-compliant statements.

UAE adoption of IFRS

Full IFRS is required for all UAE entities preparing audited financial statements. Free zones, mainland LLCs, FZCOs — all must comply.

IFRS for SMEs option

Smaller, privately-held entities can use IFRS for SMEs — a simplified version with fewer disclosure requirements. Free zone businesses often qualify.

Standards that matter most

IFRS 15 (revenue recognition), IFRS 16 (leases), IAS 12 (income taxes including UAE CT), IAS 1 (financial statement presentation).

What ETX produces

Trial balance, P&L, Balance Sheet, Cash Flow, Statement of Changes in Equity, plus IFRS-compliant note disclosures — all exportable to your auditor.