VAT refund
VAT refunds are a way for foreign businesses or tourists to claim back the VAT paid on their purchases. If non-resident entities or tourists seek reimbursement of VAT on eligible goods and services, and aren't registered for VAT in the UAE or other jurisdictions, they can do so by meeting specific criteria.
Exploring your options
There are two options for dealing with any excess input VAT:
- You opt for a VAT refund, thereby reclaiming the excess input VAT.
- You do not choose an immediate refund, instead carrying forward the excess recoverable tax to future tax periods, utilising it to offset payable tax and penalties or reclaiming it later as a refund instead.
Either way, by entrusting our VAT consultants, we ensure that your business undergoes a hassle-free and compliant VAT refund journey.
Ask About VAT refundMore about VAT refund
Essential documents for VAT refund services
To initiate a VAT refund, foreign entities and tourists must present specific documentation. The exact requirements may vary based on the nature of the claim and the specific governmental regulations.
However, typical documents you will need to have include:
- Identification documents
- Original tax invoices
- Evidence of goods exported from the UAE
- Receipts
- Airline tickets or boarding passes
- Trade license and commercial registration (if a business).
- Bank account details
At Foster Chapman, we will ensure that all of your required documentation is organised, so you don’t have to worry.
What is the VAT refund process?
Navigating VAT refund procedures in the UAE demands assessing eligibility, document preparation, documentation submission and eventually receiving your refund.
VAT refunds in Oman
In Oman, upon filing VAT returns, if your VAT refund exceeds OMR 100, you can initiate a refund request following any necessary checks. The Tax Authority typically adjudicates within 30 days, with approved refunds received within an additional 15 days.
If your VAT refund is below OMR 100, it will be carried forward to subsequent tax periods. However, at the Tax Year’s culmination, you can still claim the refund, as long as you get the request done before the first tax period’s due date in the new Tax Year.
Remember, it’s imperative to file refund requests within five years from the relevant tax period’s end to ensure that it is still eligible.
VAT refunds across GCC Nations
Foreign businesses seeking VAT refunds in GCC states must evaluate their eligibility, before preparing the refund application. You must then ensure that any accompanied supporting documents are submitted alongside your application within the required deadline.
Filing formal applications for VAT refunds throughout the year, even if your tax authorities have not yet set up a clear VAT refund process, is still essential to retain entitlement of your money.
Claim your VAT refund with Foster Chapman
Partnering with Foster Chapman will give you access to efficient VAT services and will ensure that you remain assured through every stage of the process.
Related Services
VAT registration
Value Added Tax (VAT) registration is a crucial process for businesses in the UAE, and Foster Chapman is here to provide support for VAT registration in several ways, ensuring compliance and smooth operations.
VAT return filing
Navigating the intricacies of VAT return filing demands expert guidance, and our services at Foster Chapman offer precisely that. With our professional support, we ensure that all of your VAT return filing goes smoothly and is returned to the tax authority during their specified timeframe.
VAT accounting services
As an increasing amount of businesses and individuals seek accounting firms to manage their financial and VAT obligations, our solutions are tailored to ensure efficiency and compliance for your specific business needs.
VAT deregistration
Navigating the complexities of VAT deregistration can be challenging. Whether you’re closing your business, changing your business structure, or falling below the VAT threshold, our expert team is here to help.
Articles Related to VAT
A beginner’s guide to VAT in the UAE
Navigating the UAE VAT system can be daunting, even for seasoned professionals. So we understand that for beginners, it’s important to have some advice when…