VAT Reclaims Services

FTA VAT refund for Tourists, Business Visitors!

If your input VAT is higher than your output VAT while filing a VAT return in the UAE, you are eligible for an FTA VAT refund. At Reyson Badger the best VAT Reclaims Firm in Dubai UAE, we will provide you with guaranteed VAT refund services.

Input VAT is a tax payable on items purchased by a business or taxable person in the UAE. Output VAT, on the other hand, is a tax collected on items sold in the UAE by a business or taxable person. If your company pays more tax than it collects from customers, you may be eligible for an FTA VAT refund in the UAE.

What are VAT Reclaims?

VAT Reclaims is a process whereby businesses can reclaim Value Added Tax (VAT) that has been paid on goods or services. VAT is a tax that is applied to most goods and services, with the rate varying from country to country. For businesses operating in multiple countries, it can become difficult to keep track of all their VAT payments. Through the use of VAT Reclaim services in Dubai UAE, businesses can recover any overpaid taxes by submitting claims for repayment directly to the relevant European tax authorities.

What includes in VAT Reclaims Services?

VAT reclaims services are a vital part of the accounting process, providing businesses with significant financial savings and improved cash flow. As VAT is an area where many businesses struggle, the right VAT reclaims services can help ensure that all claims are made promptly and accurately. When considering a service provider for VAT reclaims, it is important to understand what they offer.

• Commonly they will provide advice on how best to claim back any overpaid or incorrectly charged VAT bills.
• They should also be able to identify missed opportunities in relation to eligible expenses and advise you on how to claim them back.
• Additionally, some providers may offer specific software solutions that automate much of the reclaim process, making it simpler and more efficient for businesses of all sizes.

The purpose of the claim

Every Taxable Person is required to submit a VAT return outlining the VAT owed to the FTA for the tax period. If the input tax exceeds the output tax on a VAT return, the Taxable Person can request a refund after submitting the return or later when a credit is owed to them.

What is the IBAN Validation Letter?

IBAN stands for International Bank Account Number. This letter must be issued and stamped by the applicant's bank and contain information on the account holder's name (which must be the same as the taxable person's name as registered with the FTA), bank name, bank address, SWIFT/BIC, and IBAN. The letter or certificate must be supplied as an attachment to the refund application.

VAT Refund in Dubai, UAE

When it comes to dealing with excess input VAT, also known as VAT return, taxpayers have two options:

• A VAT refund will be available to the taxpayer.
• If he does not ask for a refund of the excess input VAT, the excess recoverable tax will be carried forward to future tax periods that can be used to reduce the tax and/or penalties due, or he can apply for a refund at any time.

Following the submission of the VAT Return, you must complete the 'Form VAT311' VAT refund application.

VAT Reclaim for Foreign Business Visitors

In some cases, overseas businesses can receive VAT Refund . This  refund Form is intended to help Business Visitors who are entitled for a refund recover back the VAT they paid.

Required Documents and Forms for Foreign Business Visitors

• Original Tax Compliance Certificate (such as business status certificate, certificate of commercial activities, or equivalent) in Arabic or English issued by the relevant competent Tax Administration reflecting the applicant's Tax Registration Number (TRN), attested by the UAE Embassy in the country of tax registration
• The applicable tax invoices with valid TRN
• Proof of payment (a receipt or a "paid" stamp on an invoice with the supplier's information on it)
• Proof of authority for the authorized signatory
• The passport of the authorized signatory

Procedures and Steps  for Foreign Business Visitors

• Sign up for an Emaratax account from the FTA's website and activate it.
• Access your Emaratax account dashboard.
• Click on 'SPECIAL REFUNDS'.
• Click on 'Business Visitor Refunds'.
• Fill out the refund form and submit the refund request.

Terms & Conditions For Foreign Business Visitors

• The applicant must not have a place of establishment or fixed establishment in the UAE or any implementing state.
• The applicant must not be a taxable person in the UAE.
• The applicant must be in business and registered as an establishment with a competent body in the country of establishment.
• The applicant should be incorporated in a nation that allows refunds of VAT to UAE-based firms in comparable circumstances.
• Each refund claim is valid for 12 calendar months unless the applicant resides in a non-implementing GCC state.
• The minimum amount of VAT that can be asked for a refund is AED 2,000.
• Invalid tax invoices will be rejected (e.g., with an incorrect TRN).

Can FTA refuse a VAT refund request?

Yes. FTA reserves the right to refuse your refund request if you do not comply with the following: -

• There was no response to further requirements (if any) within five working days.
• Incorrect attachments.
• Unmatched summary with the applicant's VAT returns.

Timeline for refunds

When a taxpayer files a refund claim, the FTA will first evaluate and review it within 20 business days of receiving it. The taxpayer will then be notified if the claim is accepted or rejected by the FTA. If the procedure takes more than 20 days, the FTA will notify the taxpayer about the extension of the timeline.

VAT Reclaims Services in Dubai, UAE

Reyson Badger is the leading provider of Value Added Tax (VAT) services in Dubai, United Arab Emirates. The company assists businesses and individuals looking to claim a VAT refund from the UAE government. Reyson Badger’s team of experienced professionals is highly knowledgeable in the field of VAT claims and can help you get your money back quickly and effectively. Our streamlined process makes reclaiming a VAT refund simple, efficient, and cost-effective.

The team at Reyson Badger has an extensive knowledge base that ensures clients get accurate refunds on their taxes. We have the expertise to ensure all details needed for filing a successful VAT claim are accurately filled out and submitted properly, which significantly reduces processing time for refunds. Additionally, our filing service is tailored to each customer’s unique situation so there are no hidden fees or charges associated with their services.

Methodology of Reyson Badger VAT Reclaims Services in Dubai

• Reyson Badger’s methodology involves a detailed analysis of all relevant documents, as well as an understanding of the client’s business operations so that we can accurately determine what VAT will be eligible for reclaim.
• Furthermore, our team of experienced professionals works closely with each client to ensure the entire process is completed accurately and on time.
• In order to maximize our client's potential tax refunds, Reyson Badger follows a rigorous step-by-step methodology that starts from the evaluation of all available records and documents related to business expenses.

We at Reyson Badger provide the best VAT Reclaims services in Dubai UAE. Our tax experts will assist you in getting the VAT refund from FTA. Our team carries immense knowledge and expertise on VAT services that can help your business efficiently.

To know more contact us…!!!!!