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VAT Refunds

VAT Consultancy

In an interval of submitting a VAT Return in UAE, if your input VAT is bigger than the output VAT then you’re eligible to request an FTA VAT refund. Intellect Chartered Accountants is providing secured VAT refund services in Dubai.

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

VAT Refund in UAE

The taxpayer has the following 2 choices in treating the surplus or excess input VAT commonly called VAT refund:

  • The taxpayer will be eligible to request a VAT refund.
  • If he doesn’t like to request a refund of the surplus or excess input VAT, the surplus or excess recoverable tax is going to be carried forward to subsequent tax periods and can be used offset against the payable tax and/or penalties, or he can apply for a refund later at any purpose in time.

After the VAT Return is submitted, you’re required to finish 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. Confirm 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 inform or notify you of the results of your refund application. Once the claim is approved, the refund is going to be processed at intervals of five business days.
  • You can verify the refund amount by checking your balance from the My Payment tab beneath the transaction History section within the e-Services portal.

VAT Refund Services Dubai

ICA is providing the most effective VAT refund services in Dubai. Our tax specialists can assist you to urge the VAT refund amount from FTA. As ICA, as altogether service lines that we perform, conjointly in VAT Refund Services in UAE, our specialists have deep knowledge and extensive experience.

ICA offers VAT refund services to assist our clients with their VAT refund applications. It’s composed of well-experienced tax advisors and specialists who keep a detailed watch on the procedures envisaged and also the perspective adopted by the tax authorities.

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