DMCC Audit Rules

DMCC Audit Deadlines

DMCC Deadline: 90 or 180 Days? Understanding Your Audit & Compliance Timeline

As a licensed company in the Dubai Multi Commodities Centre (DMCC), understanding your audit submission deadline is critical to staying compliant and avoiding penalties.

One of the most common questions I hear from clients is:

“Do I have 90 days or 180 days to submit my audited financial statements to DMCC?”

The answer depends on the type of filing requirement you are referring to and your company’s financial year-end. As a chartered accountant with extensive experience in DMCC compliance, I will break it down for you clearly.

DMCC Deadline: 90 or 180 Days? Understanding Your Audit & Compliance Timeline

As a licensed company in the Dubai Multi Commodities Centre (DMCC), understanding your audit submission deadline is critical to staying compliant and avoiding penalties.

One of the most common questions I hear from clients is:

“Do I have 90 days or 180 days to submit my audited financial statements to DMCC?”

The answer depends on the type of filing requirement you are referring to and your company’s financial year-end. As a chartered accountant with extensive experience in DMCC compliance, I will break it down for you clearly.

DMCC Audit Requirement – The Basics

Every DMCC-registered company must prepare and submit audited financial statements annually. These audits must be conducted by an approved DMCC auditor listed on the DMCC Approved Auditors Register.

The primary purpose of the audit is to:

Ensure transparent and accurate financial reporting

Verify compliance with UAE and DMCC regulations

Support business credibility with banks, investors, and partners

The “90-Day” Rule – For Audited Financial Statement Submission

DMCC regulations require companies to submit their audited financial statements within 90 days from the financial year-end date.

For example:

If your financial year ends on 31 December 2024, your audit must be completed and submitted by 30 March 2025.

Failing to meet the 90-day deadline can lead to financial penalties, delays in license renewal, and compliance notices from DMCC.

The “180-Day” Misunderstanding

Some business owners mistakenly think DMCC allows 180 days for audit submission. In reality, the 180-day period often refers to:

• General business practice in other jurisdictions where companies have up to 6 months to file audited accounts.

• Internal preparations — some companies take up to 180 days to finalize records and hold annual general meetings (AGMs) before submission.

However, under DMCC’s current compliance rules, you are expected to follow the 90-day deadline, unless an official extension is granted in exceptional circumstances.

How to Ensure Timely DMCC Audit Submission

• Start Early – Begin audit preparations at least 2 months before your year-end.

• Work with a DMCC-Approved Auditor – Only auditors from the DMCC register are authorised to sign off your audit.

• Maintain Accurate Records Year-Round – Proper bookkeeping ensures faster audit turnaround.

• Plan for Potential Delays – Bank confirmations, stock counts, and document retrieval can take time.

How Gupta Accountants Can Help

At Gupta Accountants, we specialize in DMCC audit compliance. Our services include:

• Timely completion of audits in line with the 90-day requirement

• Coordination with DMCC for smooth submission and approval

• Year-round accounting support to ensure audit readiness

• Expert guidance to avoid penalties and compliance issues

Final Word

When it comes to DMCC audit deadlines, the safe and compliant answer is: 90 days from your financial year-end — not 180. Acting early ensures you avoid unnecessary stress, penalties, and disruptions to your business operations.

Contact Gupta Accountants today to ensure your DMCC audit is completed and submitted well before the deadline.