VAT Refund Dubai - How To Claim VAT Refund in UAE
VAT Refund Service
Most countries around the world, including the UAE, charge a consumption tax on goods and services called VAT. If your input VAT is higher than your output VAT when you file a VAT return in the UAE, you can get a VAT refund from the Federal Tax Authority (FTA).
Beaufort Associates provides reliable VAT refund services in Dubai and the UAE. Our experienced VAT consultants in the UAE review the periodic filings of corporate taxpayers in various industries.
Our expertise ensures you receive your VAT refund from the FTA.
Understanding VAT in the UAE
Value Added Tax (VAT) is a common consumption tax levied on goods and services in many countries, including the UAE. If your input VAT exceeds your output VAT when filing a VAT return in the UAE, you are eligible to receive a VAT refund from the Federal Tax Authority (FTA).
Why Choose Beaufort Associates for VAT Refund Services?
Beaufort Associates offers assured VAT refund services in Dubai and across the UAE. Our team of experienced VAT consultants meticulously reviews the periodic filings of corporate taxpayers across various sectors. Our deep expertise and thorough approach ensure that you receive the VAT refund you are entitled to from the FTA.
Choose Beaufort Associates for a seamless and efficient VAT refund process. Our longstanding experience and dedication to our clients’ success make us a trusted partner for all your VAT consultancy needs in Dubai and the UAE.
Choose Beaufort Associates for expert assistance with your VAT refund process in Dubai and the UAE.
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VAT Refund Submission in UAE
Tax registrants can request a refund either when filing the VAT return or after submitting the VAT returns. Is there a time limit for requesting an FTA VAT Refund in UAE?
No, there is no time limit specified by the Authority for making a refund request. Tax registrants can apply for a refund at any time as long as there is a credit owed to them.
Timeframe for VAT Refund
When a taxable person claims a refund of excess refundable tax, the Federal Tax Authority (FTA) will review the claim within 20 business days and notify the taxable person of its decision to accept or reject the refund.
The FTA may inform the applicant if it needs more than 20 business days to consider the application. Once the VAT refund claim is approved, the amount will be refunded within 5 business days.
Documentation Requirements for a VAT Refund in UAE generally includes:
- VAT refund application form (Microsoft Excel format)
- The 5 highest tax invoices from standard-rated expenses (in terms of value)
- The 5 highest official and commercial documents related to zero-rated supplies (in terms of value)
- The 5 highest tax invoices related to sales and other outputs (in terms of value)
- IBAN validation letter
The FTA may ask for further information and supporting documentation depending on their review of the details presented to them.
What is an IBAN Validation Letter?
IBAN stands for International Bank Account Number. This letter must be issued and stamped by the applicant’s bank and include details about the account holder’s name (which must match the taxable person’s name as registered with the FTA), the bank’s name, the bank’s address, the SWIFT/BIC, and the IBAN. The letter/certificate must be uploaded as an attachment to the refund application.
Submitting a VAT Refund Claim in UAE
To submit a refund claim:
- Log in to the FTA’s e-Services portal.
- Go to the VAT tab, then the VAT Refunds tab, and access the form by clicking “VAT refund request.”
- Complete the form. Some fields are pre-populated using the details from your account. Ensure that all entered details are correct, then submit the form by clicking “Submit” along with the relevant supporting documents.
Can the FTA Reject a VAT Refund Request?
Yes, the FTA can reject a VAT refund request if they are not satisfied with the correctness of the refund claim. This can happen due to several reasons including:
– No response to additional requirements (if any) within 5 working days.
– Incorrect attachments.
– Unmatched summary with the related VAT returns filed by the applicant.
FTA VAT Refund Services in UAE: How Beaufort Assists
Beaufort Associates has a team of VAT experts in the UAE who can support you through the VAT refund application process. Our professionals have extensive expertise and experience in all our service areas, including VAT refunds in Dubai.