Fast and Reliable VAT Refund in UAE
Curious about how much VAT you can get back?
Don’t be! You don’t need to drown yourself in the endless paperwork for VAT refunds. Our experts are here to guide you through the hectic process as our VAT refund services are designed to help businesses operating in the UAE claim back the VAT they’ve paid on eligible expenses.
Wondering How Others Found Success with VAT Refunds in the UAE?
If you are a business owner in the UAE and think that your business isn’t eligible for VAT refunds, then you are wrong! VAT refunds can be claimed by eligible businesses every quarter. To qualify for a VAT refund, you must meet certain criteria, such as being registered for VAT, having a valid tax invoice, and having proof of payment. It’s also important to note that the minimum amount that can be claimed is AED 2,000.
Contact our team of experts to claim VAT refunds in the UAE and ensure that you are not missing out on any eligible VAT refunds.
Documents Required for VAT Refund?
Businesses operating in the UAE are required to submit several documents to complete their corporate tax registration. The documents required may vary depending on the Nature of The Business and its Legal Structure, but typically include:
● VAT invoices issued by the supplier of goods or services
● Import/export documents such as bills of lading, airway bills, and customs declarations
● Proof of payment, such as bank statements or receipts
● A VAT refund application form
● A tax residency certificate
● Business licenses and registration documents
● Proof of business activities in the UAE
● Any other relevant supporting documents, such as contracts or agreements
Benefits of VAT Refunds in the UAE
Here is a list of key benefits that you could enjoy after claiming VAT refunds in the UAE:
Quick cashflow
Financial recovery
Operational efficiency
Cost optimization
Financial flexibility
How to Claim VAT Refund in the UAE?
To claim a UAE VAT refund, you must follow a specific process. Here’s a step-by-step guide:
Step 1: Register for
VAT
To claim a VAT refund, you must first be registered for VAT in the UAE. If you haven’t already done so, you’ll need to complete the registration process.
Step 4: Request a VAT Refund
Once you’ve filed your VAT return, you can request a VAT refund using the e-Services portal of the Federal Tax Authority (FTA). The refund will be processed within 20 business days of the submission of your claim.
Step 3: Submit Your VAT Return
Your VAT refund claim is made through your VAT return, which must be filed on a quarterly basis. When completing your VAT return, you’ll need to include details of the VAT you’ve charged and the VAT you’ve paid.
Step 2: Gather Necessary
Documents
For VAT claim in UAE, you’ll need to have the above mentioned documents.
Step 5: Receive Your VAT
Refund
If your VAT refund claim is approved, the amount will be transferred to your bank account.
How to Track the Status of Your VAT Refund Application?
Here is a simple process to follow:
Status
Explanation
Pending
The form moves to this state after submission, awaiting FTA processing.
In Progress
The FTA has initiated your evaluation of the refund application.
Resubmit
More details are required by the FTA and are sent directly to the Authorized Signatory's email, and a response with necessary documents/comments is expected within five (5) working days.
Reviewed
The Authority now checks out the refund application and initiates the payment process to the taxable person's bank account.
Approved
After successful receipt of the VAT refund amount in the taxable person's bank account, the status transitions from "reviewed" to "Approved."
Reject
If the Refund Application Form is rejected, it transitions to the "Reject" state.
Remember, Your Request Can be Rejected in These Circumstances:
Following are some circumstances in which the FTA (Federal Tax Authority) can reject a VAT refund request:
- Incorrect or Incomplete Information:
If the VAT refund request contains incorrect or incomplete information, the FTA may reject it. This could include errors in the taxpayer’s name or address, or missing or inaccurate invoices.
- Lack of Supporting Documents:
The FTA requires that VAT refund requests be accompanied by all necessary supporting documents, such as invoices, import/export documents, and proof of payment. If these documents are missing or incomplete, the FTA may reject the request.
- Ineligible Expenses
Only certain types of expenses are eligible for VAT refunds in Dubai. If a taxpayer includes ineligible expenses in their VAT refund request, the FTA may reject it.
- Late Request Filing:
The FTA has strict deadlines for filing UAE VAT refund requests. If a taxpayer misses the deadline, the FTA may reject the request.
- Non-compliance with VAT Regulations:
If a taxpayer is found to be non-compliant with VAT regulations, such as by failing to register for VAT or by underreporting their VAT liability, the FTA may reject their VAT refund request.
Why Choose Us for VAT Refunds?
People choose us for a lot of reasons, after all, we provide:
- Expert Guidance
- Efficient Processes
- Transparent Approach
- Proven Success
- Client-Centric Focus
- Tailored Solutions
- Regulatory Insight
- Timely Submissions
Want Assistance With VAT Refund?
It’s important to note that the VAT return filing process can be complex and time-consuming, especially for businesses with a large volume of transactions. That’s why many businesses choose to work with Now Consultant because our VAT specialist can help them navigate the process and ensure compliance with all relevant regulations.
See What Makes Our Clients Happy?
Frequently Asked Questions
What are VAT Refunds?
VAT refunds refer to reclaiming Value Added Tax on eligible business expenses in Dubai. Businesses can request VAT refunds for input tax on purchases directly related to their taxable supplies.
Can You Get VAT Refund in Dubai?
Yes, you can get VAT refund in Dubai. There are several VAT refund centers located throughout Dubai, including at major shopping malls and at Dubai International Airport.
How do VAT Refunds work?
VAT refunds work by businesses submitting refund claims to the Federal Tax Authority (FTA) for eligible input tax. The FTA in UAE reviews these claims makes sure the fulfillment of necessary criteria, and refunds the input tax amount to the business if approved.
How to Get a VAT Refund?
To get a VAT refund, maintain accurate expense records and submit a claim through the UAE’s Federal Tax Authority (FTA), following their guidelines and documentation requirements. The FTA will disburse the refund to your designated bank account if approved.
How Long Does It Take To Get VAT Refund in UAE?
The length of time it takes to receive your VAT refund in the UAE can vary depending on several factors, including the volume of refund requests being processed and the accuracy and completeness of your request. In general, the process can take anywhere from a few days to several weeks.
Can Tourists Get Tax Refunds in Dubai?
UAE tourists, including Dubai, can claim tax refunds on eligible purchases through the Tax-Free Shopping Scheme. Retailers participating in the scheme or NOW Consultants can provide details on the process.
How to Claim VAT Back?
To claim VAT back in the UAE, businesses should:
- Maintain accurate records of their taxable purchases.
- Submit VAT refund claims to the FTA through the designated channels.
- Ensure that the expenses for which they are claiming VAT back meet the FTA’s criteria for eligibility.
Can I Claim VAT Back?
Yes, businesses in the UAE can claim input VAT (VAT paid on purchases) as a credit against the VAT collected on sales. This process helps offset your VAT liability. Businesses in Dubai are offered to get help from the NOW Consultant expert team in claiming VAT back.
