UAE to Implement New Corporate Income Tax
UAE Ministry of Finance (“MoF”) has announced that the UAE will introduce a Federal Corporate Income Tax (“CIT”) on business profits. For financial years beginning on or after June 1, 2023, the UAE will impose a federal corporate tax on business profits. The UAE Corporate Tax regime was created to
RVG Accounting & Bookkeeping LLC is proud to partner with Meydan Free Zone.
Start Your Business in Meydan Free Zone It is an honor to announce that RVG Accounting & Bookkeeping LLC has partnered with the prestigious, Dubai-based Meydan Free Zone. We are thrilled to offer our range of services to Meydan Free Zone businesses. Our team of specialists look forward to building
Importance of Virtual CFO Services
With the rise of competition, business owners are often forced to take on many responsibilities. They struggle to keep track of everything and often fail to monitor the financial and accounting parts of the organization. Thanks to technology, working environments with real-time functionality can overcome this problem. Connecting with a
When is the VAT refund in the UAE available?
Vat Refund In UAE When the input tax on a VAT return is greater than the output tax, the taxpayer can obtain a VAT refund after filing the return. When a taxpayer submits a claim for a refund, the FTA will process and review the application within 20 business days
VAT Updates on Registration of Sole Establishments for UAE
A natural person may own a number of sole establishments, which may perhaps undertake different lines of business. There has been uncertainty on whether each sole establishment needs to obtain VAT registration separately or whether all such establishments could be included under one VAT registration. This Public Clarification clarifies the
VAT Refund for Business Visitors in UAE
The UAE government has published a VAT refund scheme that enables businesses/ business visitors to claim the VAT paid on the purchase of goods and services incurred in the UAE. Foreign businesses that meet the following conditions are eligible to apply for a VAT refund: The business should be located in
