RNI Consulting, established in 2019 specializes in Financial Accounting, Audit services, Tax and Legal services, Budget Review, Advisory services, Risk Management, HR & Payroll and Business Incorporation and liquidation.

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Real Estate VAT Guide - RNI Blog

REAL ESTATE VAT GUIDE

For VAT purposes, a supply of real estate is treated as a supply of goods. As a result, a supply of real estate involves the transfer of ownership of the real estate, or the right to use the real estate, to another person. Residential Buildings First supply of a residential building The first supply of […]

VAT Guide - Designated Zone - RNI Blog

VAT Guide – Designated Zone

Identification of a Designated Zone A Designated Zone is an area specified by a Cabinet Decision as being a “Designated Zone”. Although an area might be identified as a Designated Zone, it is not automatically treated as being outside the UAE for VAT purposes. There are several main criteria which must be met in order […]

VAT on Residential Buildings - RNI Blog

VAT on Residential Buildings

First supply of a residential building The first supply of a residential building will be zero-rated for VAT purposes. This means that the VAT incurred on costs relating to the first supply of the building can be recovered in full. The ‘first supply’ includes a supply of the building by either sale or lease, but […]