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VAT REFUND DUBAI
VAT Refund in the UAE: All
Taxable Persons (legal persons or legal individuals) in the UAE are required to
file VAT returns in Dubai, Sharjah, Ajman, and all over UAE according to their tax period that will show the details of
sales, and purchases. Output VAT collected and input VAT that was paid during the
tax period has to be recorded properly.
In this context, output VAT is the amount collected by
the business through its
sales while input VAT is the amount that was paid to the supplier by the
business. The adjustment of input VAT and output VAT will lead to one of the
two scenarios:
VAT payable: This happens when output VAT is greater than input
VAT
VAT refundable: This happens when output VAT is less than input VAT
Most of the above-mentioned
fields are auto-populated, so ensure that you double-check the details in order
to avoid any errors in the form.
Once the form has been processed by the FTA, you
will receive an email notification regarding the result of your application and
upon approval, the amount will be refunded. If you need any assistance
regarding VAT refund submission please feel free to contact Dubai Tax Agents. We are offering the following services in UAE.
VAT Refund in Dubai
VAT Refund in Sharjah
VAT Refund in Ajman
VAT Refund in Abu Dhabi
VAT Refund in Fujairah