VAT Refund Services Dubai

While submitting a VAT return in UAE, if your input VAT is greater than the output VAT then you are eligible to request an FTA VAT refund. Xact Auditing is offering guaranteed VAT refund services Dubai.

Input VAT is a tax payable for items (goods and services) purchased by a business or taxable person in UAE. On the other hand, output VAT is collected tax on items sold by a business or taxable person in UAE. If your business is paying more tax as compared to the tax your business is collecting from the clients, then you are eligible to claim an FTA VAT refund in UAE.

VAT Refund in UAE

The taxpayer has the following two options in treating the excess input VAT commonly known as VAT refund:

The taxpayer will be eligible to request a VAT refund
If he does not wish to request a refund of the excess input VAT, the excess recoverable tax will be carried forward to subsequent tax periods and can be used to offset against the payable tax and/or penalties, or he can apply for a refund later at any point in time

After the VAT Return is submitted, you are required to complete the VAT refund application ‘Form VAT311’.

How to claim FTA VAT refund 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 the VAT refund request.
Complete the form. Some of the fields are pre-populated using the details from your account. Make sure that the details you’ve entered are correct, then submit the form by clicking ’Submit’.
After you submit the form, you will receive an email from the FTA to notify you of the result of your refund application. Once the claim is approved, the refund will be processed within 5 business days.
You can verify the refund amount by checking your balance from the My Payment tab under the Transaction History section in the e-Services portal.

VAT Refund Services Dubai

Xact Auditing is providing the best VAT refund services Dubai. Our tax experts will assist you to get the VAT refund amount from FTA. As Xact, as in all service lines that we perform, also in VAT Refund Services in UAE, our experts have deep knowledge and extensive experience.

Xact Auditing offers VAT refund services to help our clients with their VAT refund applications. It is composed of well-experienced tax advisors and experts who keep a close watch on the procedures envisaged and the attitude adopted by the tax authorities.