VAT Refund Services
When your tax return has a greater input VAT than output VAT. Meanwhile, you will be able to request, as a taxpayer, a refund of the excess amount with the help of Protax regulated tax agents in Dubai. Input VAT is a tax payable for items (goods and services) purchased by a business or taxable person in UAE. The output VAT, on the other hand, is collected tax on items sold by businesses or taxable persons in UAE.
Eligibility in obtaining VAT Refunds
- A taxable person or business entity that has paid an excess amount for VAT
- Tourists or foreign businesses visiting the UAE
- Foreign governments, military bodies, institutions, international organizations, and the like that have incurred VAT for any item that is supplied in UAE
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Tax Refunds for Businesses in UAE
Taxable persons in UAE are able to obtain tax refunds, most especially when any of the following applies:
- When the tax payment of the taxable person or business exceeds the net amount of tax that is payable
- In the case of the excess in deductible net VAT per VAT return – excess VAT may be carried forward to the next taxation period
- If there is an excess in recoverable net VAT when a taxable person has sent a qualitied application for VAT deregistration
The FTA will offset the VAT refund of the taxable person or business against VAT amount that it has to pay until full excess amount is exhausted. The officials at the FTA in UAE will respond to applications for VAT refunds within sixty days starting from the date in which a taxable business has submitted a request. Take note: required documents have to be furnished such as receipts and invoices. incomplete and incorrect information supplied to the tax authority can result to a rejection in the application for VAT refund in UAE.
VAT Refunds for Tourists and Foreign Businesses
- Taxable individuals that are residents of a GCC member state
- A non-resident of a GCC member state that meets any of the following conditions that are listed below:
- Must not have a supply of items (goods and/or services) that make it liable in paying VAT in UAE or any GCC member state during a tax period in which a VAT refund application relates
- However, must VAT registered or registered for business in the country of domicile
Why Clients Choose Us
We’re comprised of a professional and experienced team of VAT specialists. In short, the firm helps ensure that the business that trusts us gets assigned with a team which is well-versed with all the newest updates on UAE’s VAT legislation which constantly changes. Further, the firm schedules regular extensive training programs for its employees to make sure that all staff members are skilled and reliable in maximizing a business’ VAT refund entitlements.