VAT Refund Scheme
The VAT refund system of the UAE enables registered businesses and individuals to recover paid VAT on specific goods and services. Familiarity with this refund process can help a firm maintain its proper cash flows while working within the guidelines of the Federal Tax Authority.
Who is Eligible for a VAT Refund?
- Registered Business: VAT-registered businesses in the UAE can recover a refund of input VAT where it exceeds the amount of output VAT charged on sales. This includes situations where the business incurs higher expenses or where zero-rated supplies are made.
Calculation of VAT Refund:
We assist businesses in calculating their input VAT precisely to qualify for the refund.
- Documentation for Application:
Our staff will help you prepare and submit your application for refunds in complete conformity with the mandates of the FTA.
- Backing Documents:
We will coordinate and scrutinize all documents related to VAT, including invoices and receipts that support your application for a refund.
- Complete Process Management:
We take care of everything from preparing your VAT return to submitting the refund application with the FTA.
- Faster Refund Processing:
We streamline the refund process, ensuring you receive your VAT refund much sooner.
FAQs:
- How long does it take for a VAT refund?
- Can I claim the VAT refund if my VAT return is late?
- What documents are required for a VAT refund application?
Call us at Primetax to get the VAT refund and ensure you receive all eligible VAT today!
