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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Corporate Tax Period and Submission: All You Have to Know

In Dubai, grasping the intricacies of corporate taxation is essential for businesses to thrive. With the recent inclusion of corporate tax in the country’s tax framework, it’s imperative to delve into its fundamentals, particularly regarding tax periods and submission deadlines.: The UAE, known historically for its oil-driven economy, is embracing a paradigm shift by introducing […]

What Happens If a Business Doesn’t File Taxes in Dubai

To mitigate the severe consequences associated with late or non-filing of VAT, businesses must diligently adhere to taxation regulations and deadlines set by the Federal Tax Authority. Companies should appoint a qualified individual to meticulously document all tax inputs and outputs, ensuring accurate records and timely submission of filings. By doing so, businesses can proactively […]

 Expanding Your Market Reach from Local to Global with RNI Consulting Strategies

RNI Consulting, based in the vibrant heart of Dubai, we specialize in leveraging our extensive expertise in governance risk & compliance and business consultancy to help our clients navigate this complex journey. This blog post will explore the transformative strategies that can turn your local success into global domination. Understanding the Importance of Global Expansion The decision to take […]

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 […]