VAT Refund Assistance

VAT Refund Support

VAT Refund Assistance?

At times, businesses may find themselves in a VAT refund position rather than owing VAT. This occurs when the VAT paid on business expenses exceeds the VAT collected from sales. This creates a negative VAT position, meaning the Federal Tax Authority (FTA) owes the business a refund. As a VAT-registered entity in the UAE, businesses have the right to claim a refund of the excess VAT from the Tax Authority. To facilitate this, a specific claim form must be submitted. At Futureus Tax And Accounting Services (FTA), we assist businesses in navigating the refund process, ensuring the proper documentation is submitted and facilitating a smooth refund experience.

Futureus Tax And Accounting Services Assistance

FTA Accounts can assist in the following

Assessing eligibility for VAT refunds

Our experts will advise if your business qualifies for a refund.

Preparing the refund application

We handle the preparation and submission of the refund application to the FTA.

Documentation for assessment

We ensure all necessary details are included for a smooth refund process.

Liaison with FTA

Our team will communicate with the FTA to secure your refund efficiently.

VAT Penalty Review

VAT Penalty Reconsideration

If your business has made errors in VAT returns or failed to meet VAT compliance requirements, the Federal Tax Authority (FTA) may impose penalties. However, businesses are not obligated to accept these penalties as final. There are options to request penalty reconsiderations under UAE VAT law. At Futureus Tax And Accounting Services (FTA), we help businesses assess their situation and guide them through the process of requesting reconsiderations, ensuring the best possible outcome.

What you can request:

We help businesses take advantage of these options to reduce financial burdens. A carefully crafted reconsideration request can make all the difference in minimizing penalties. This should include:

VAT Refund Benefits

Advantages of VAT Refund Assistance

With over 15 years of experience and a team of 75+ professionals, FTA Accounts is one of the most trusted firms in Dubai for VAT and accounting services. We specialize in delivering accurate, efficient, and reliable VAT return filing services. Our comprehensive approach ensures that your business remains fully compliant, minimizes tax liabilities, and avoids unnecessary penalties.

Simplified Process

Our experts guide you through the complex VAT refund procedures, ensuring compliance with all requirements.

Time-Saving

VAT refunds can be intricate and time-consuming. Let our team streamline the process for you, saving you time and effort.

Maximized Refunds

We help identify all eligible purchases and expenses, ensuring you claim the maximum refund possible.

Overcoming Language Barriers

If you're unfamiliar with the local language, our team ensures effective communication with the FTA, simplifying the entire process.

FAQs

Who needs to register for VAT in the UAE?

Businesses must register for VAT if their taxable supplies and imports exceed AED 375,000 annually. Those with taxable supplies between AED 187,500 and AED 375,000 can voluntarily register, while businesses with taxable supplies below AED 187,500 are not required to register.

What is a VAT refund, and when can my business claim one?

A VAT refund occurs when the VAT paid on business expenses exceeds the VAT collected from sales. If your business is in this position, you can request a refund from the FTA by submitting a claim form.

How can FTA Accounts help my business with VAT compliance?

FTA Accounts offers comprehensive VAT compliance services, including VAT registration, filing VAT returns, assisting with VAT refund applications, and helping your business adhere to all local VAT regulations.

Can you help with other tax and financial services?

Yes, in addition to VAT services, FTA Accounts also provides a range of accounting and auditing services, including tax advisory, payroll services, cash flow forecasting, and more, to help businesses manage their financial operations effectively.

Ready to Elevate Your Business Finances?

Get in touch with our experts today for a free consultation and discover tailored financial solutions that drive growth and ensure compliance. Let’s start building your path to financial success!

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VAT Refund Assistance

VAT Refund Support