Amendment of Tax Procedures Law
Amendment of Tax Procedures Law – Federal Decree-Law No. 28 of 2021 The amendments to the Tax Procedures Law are effective from 1 November 2021, and mainly cover: Mechanism and requirements for objection and appeal by taxpayers. Alternative mechanism for objection and appeal by Government entities. Mechanism of waiving, refunding,
How to obtain a Golden Visa in the UAE
The United Arab Emirates has become one of the top destination countries. Many foreign professionals, investors, and entrepreneurs want to designate themselves in this country. To fulfill this purpose, the UAE government has launched a new initiative, the UAE Golden Visa, in 2019. This visa aims to offer long-term residence
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
