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Uae vat refunds for foreign businesses

  1. UAE VAT REFUNDS FOR FOREIGN BUSINESSES https://farahatco.com/
  2. ELIGIBILITY OF FOREIGN BUSINESSES FOR UAEVAT REFUND  In order for a foreign business to quality for aVAT refund, the business mustn’t have a permanent place of establishment anywhere within the UAE.There must not any managed, controlled or legally established commercial space in the country.The business also shouldn’t consider as a taxable person within UAE.This does not apply to businesses that required in registering or have already registered forVAT in UAE.  In addition, business should beVAT registered or registered for equivalent of VAT in home country or where it was established.
  3. FOREIGN BUSINESSESTHAT ARE ABLE TO CLAIMVAT REFUNDS IN UAE BELONGTO THE FOLLOWING COUNTRIES: 1. Austria 2. Bahrain 3. Belgium 4. Denmark 5. Finland 6. France 7. Germany 8. Iceland 9. Isle of Man 10. Korea 11. Kuwait 12. Luxembourg 13. Lebanon
  4. WHAT NEEDED FOR UAEVAT REFUND APPLICATIONS?  Duration- The applicationVAT refunds for foreign businesses visiting UAE to cover purchased products or services which subject toVAT.The Purchases have made over a period of one calendar year. It isn’t possible to send an application for VAT refunds for the purchases from the past several years.  Minimum amounts – it’s only possible for a foreign business visiting the UAE to obtainVAT refunds. If applications concernVAT amount that’s at least Dhs 2,000 for each application. 
  5. WHAT NEEDED FOR UAEVAT REFUND APPLICATIONS?  Documentation –There must be invoices enclose together with theVAT refund application.When a foreign business pays importVAT, receipt for such payment (can be copy or the original receipt) also needs to be submitted. An invoice has to contain the following crucial details: date of issue of receipt, invoice number, address and name of the purchaser, price of goods, amount or quantity of the goods, nature or description of the items,TRN or tax registration number of the supplier,VAT amount, and name and address of the supplier. Where the application forVAT refund concerns diesel oil and petrol that are purchase at any petrol station.The receipt or bill may state the registration number of the vehicle instead of the address and name for the business. Where the documentation for purchase is a bank statement that is from an oil and petrol company concerning credit of diesel oil and petrol, receipts can be submitted in connection with every individual purchase.
  6. WHAT NEEDED FOR UAEVAT REFUND APPLICATIONS?  Certificate – If you haven’t applied for UAEVAT refund previously.Then there is a need to furnish documentation regarding commercial business that being ran in country of domicile. A certificate has submitted to provide proof that there is an actual business from another jurisdiction. A certificate has issued by any competent authority in the business’ country of domicile. Certificate is valid for an entire year.When a certificate has been issued more than a year ago, there is a need to provide another certificate.
  7. REGULATEDTAX AGENTS IN UAE  It is recommend to authorize experts in handling the work that is associate with filing forVAT refunds in UAE. General conditions do not change; however, it will increase the chances of the business to get the approval of the authorities for reclaimingVAT which was spent while visiting the UAE.  If you wish to consult with regulated tax agents in Dubai, call us here in Farahat & Co to schedule a consultation with ourVAT team.
  8. CONTACT US  Address: IBIS Hotel Building – Office Entrance 5th Floor, Office No.: 5001, Rigga Road Dubai, P.O.Box 4647, U.A.E  WhatsApp Only : +971 52 6922588  WhatsApp / Call: +971 55 4828368  +971 55 370 1232  Telephone: +971 4 2500251  Email: sales@farahatco.com
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