VAT Refund
While submitting a VAT refund in UAE, if your input VAT is greater than the output VAT then you are eligible to request an FTA VAT refund. Navneet Accounting & Book Keeping LLC is offering guaranteed VAT refund services.
Input VAT is a tax payable for items (goods and services) purchased by a business or taxable person in UAE. On the other hand, output VAT is collected tax on items sold by a business or taxable person in UAE. If your business is paying more tax as compared to the tax your business is collecting from the clients, then you are eligible to claim an FTA VAT refund in UAE.
VAT Refund in UAE
The taxpayer has the following two options in treating the excess input VAT commonly known as VAT refund:
The taxpayer will be eligible to request a VAT refund
If he does not wish to request a refund of the excess input VAT, the excess recoverable tax will be carried forward to subsequent tax periods and can be used to offset against the payable tax and/or penalties, or he can apply for a refund later at any point in time
VAT Refund Services
Navneet Accounting & Book Keeping LLC is providing the best VAT refund services. Our tax experts will assist you to get the VAT refund amount from FTA. As in all service lines that we perform, also in VAT Refund Services in UAE, our experts have deep knowledge and extensive experience.
Navneet Accounting & Book Keeping LLC offers VAT refund services to help our clients with their VAT refund applications. It is composed of well-experienced tax advisors and experts who keep a close watch on the procedures envisaged and the attitude adopted by the tax authorities.