We at CBM Consultants provide Top VAT Refund Services in UAE, Ensuring all tax returns are filed timely and accurately across Industry Sectors. Having a group of experienced professionals, we are best in efficiently handling sophisticated VAT rules. You can rely on us for your VAT audit needs, expert advise around VAT registration and tight filing of your VAT returns.
Introduction about VAT Refund
VAT Refund is the process trough which businesses or tourists may claim back the VAT paid on goods and services purchased in a country. Foreign businesses, as well as tourists who are not registered for VAT in the United Arab Emirates (UAE) or other countries can benefit from this opportunity. There are certain criteria to be met and procedural steps that must be carried out to qualify for a VAT refund.
Eligibility requires non-resident, non-registered VAT purchaser, and goods or services for personal use or business operations.
Tourists must spend AED 250, export goods within 90 days, and claim a maximum VAT refund of AED 35,000.
The Ultimate Guide to VAT Refund Options for Tourists and Businesses
In the UAE, obtaining a VAT refund is streamlined with specific procedures tailored for tourists and businesses:
- Tourist Refund Scheme: The UAE offers a tourist refund scheme, allowing non-residents to claim VAT and GST refunds on goods taken out of the country within 90 days of purchase, with documentation required and processed at major airports and land border checkpoints.
- Business Refund Procedures: The UAE’s Federal Tax Authority offers a refund mechanism for businesses incurred in VAT,. This requires submission of a refund application detailing expenses and necessary documentation.
- Online Refund Services: The UAE’s Federal Tax Authority (FTA) offers an online system for both tourists and businesses to apply for VAT refunds. This digital approach simplifies the submission and processing of required documents.
- Retailer Schemes: Certain major retailers and shopping centers in the UAE provide instant VAT refund facilities at the point of sale for tourists. Hence, enabling immediate processing of VAT refunds.
- VAT Refund Agencies: There are companies called VAT refund agencies who work for tourists as well as for business to manage their tax matters. In return for a service fee, these agencies take care of the requisite documentation and all dealings with tax authorities.
- Customs Validation: If visitors leave, they must present their purchases and completed VAT refund documents to the customs for validation.
For more detailed information, please visit the UAE’s Federal Tax Authority’s official website at FTA’s official website. This resource is essential for anyone looking to understand and utilize VAT refund services in the UAE.
Key Documents to Facilitate Your VAT Refund Process in the UAE
While applying for VAT refund services in UAE, a set of documents must be attached to your claim. If you travel, make sure to do research and provide with the correct documentation to speed-up your refund. Here are the primary documents needed:
Original Tax Invoices: You must provide original tax invoices for all purchases for claiming a VAT refund. The invoices should clearly display the VAT amount and the tax registration number of the supplier.
Proof of Export:For tourists, the goods have been exported out of the UAE within 90 days from the date of purchase is required. This can typically be shown with customs stamps or export documents.
Passport or Travel Documents:Tourists need to provide a copy of their passport or travel documents. The documents must show their identity and travel dates.
Entry and Exit Stamps:Tourists should also provide proof of entry and exit stamps in their passport,. This shall verify their non-resident status during the time of purchase.
Credit Card or Bank Statements: Refund claims may require copies of credit card or bank statements to prove the purchase. This facilitates the refund process through electronic methods or bank accounts.
Refund Forms:Some refund schemes require the completion of specific VAT refund forms. These are available at points of purchase or at designated refund centers.
Flight Tickets:For tourists, copies of flight tickets may be necessary to prove the date of departure and the route taken out of the UAE.
VAT Refund Services by CBM Consultants
At CBM Consultants, we pride ourselves on housing some of the most reliable VAT Consultants in UAE.Our team is dedicated to assisting you with organizing your VAT documents and efficiently processing your VAT refunds. Let us help you navigate the complexities of VAT management with ease and precision.
