Tax consultancy
5) Vat Refund
When the input tax is greater than the output tax on a VAT return, the taxpayer can request a VAT refund after filing their VAT return. When a taxpayer submits a claim for refund, the FTA will process and review the application within 20 business days of submission. The taxpayer will be notified regarding the FTA’s decision to accept or reject the claim. If the process exceeds the timeline of 20 days, the FTA will notify the taxpayer regarding the extension of the deadline. The minimum amount of each tax claim submitted by business visitors under the Foreign Businesses Scheme is AED 2000.
It is always wise to have a detailed verification of the qualified documents before proceeding for submitting the application. VAT Consultants from EASY ACCOUNTING SOLUTION will conduct a detailed review before proceeding for submitting your VAT Refund application. Do contact us.