VAT Refund

VAT Refund

Navigating the VAT refund process can be intricate, but the IHAA team is here to simplify it for you. In the UAE, businesses may be eligible for VAT refunds on overpaid VAT or VAT incurred on certain purchases, ensuring optimal cash flow and compliance with UAE Federal Tax Authority (FTA) regulations. Whether you’re reclaiming VAT on export supplies, capital assets, or other eligible expenses, accurate and timely filing is crucial.

VAT Refund Process:

1. Eligibility Assessment: Determine if your business qualifies for a VAT refund based on the nature of your purchases and your VAT filings.
2. Documentation Preparation: Gather all necessary documents, including VAT invoices, purchase records, and export documentation. Ensure that all records meet FTA requirements.
3. Application Submission: Prepare and submit your VAT refund claim through the FTA’s online portal. Provide detailed information and supporting documentation to facilitate a smooth review process.
4. Review and Approval: The FTA will review your application and documentation. Upon approval, the refund will be processed and credited to your account.
5. Follow-Up: Track the status of your refund and ensure any additional requirements or documentation requests are promptly addressed.

How IHAA Can Assist:

The IHAA team provides comprehensive support for VAT refund claims, ensuring accuracy and efficiency:

• Eligibility Review: We assess your eligibility for VAT refunds and identify the types of claims you can make.
• Documentation Support: Our experts help you compile and organize all required documentation for a successful refund application.
• Application Assistance: We handle the preparation and submission of your VAT refund claim, ensuring compliance with FTA requirements.
• Follow-Up and Support: We monitor the status of your refund and assist with any additional requests or issues that may arise during the review process.

Partner with IHAA for expert assistance in securing your VAT refunds, optimizing your cash flow, and ensuring compliance with UAE tax regulations. Let us handle the complexities of VAT refunds so you can focus on growing your business.