Refundable situation mainly happens when the Taxable Sales are less than the Taxable Purchases. The registrant can either keep the refundable amount as a credit with FTA so that they can adjust with the payable amount in the next VAT periods or they can go for the Refund by submitting Refund application “VAT Form 311”.
We are approved and registered tax agents by FTA in the UAE. We have a 100% success rate in processing refunds of our clients with the FTA. Our services include:
- Review of VAT returns to ensure proper VAT returns were filed;
- Preparation of refund request forms as per requirement of the FTA;
- Assisting the client in respect of the extraction of documents to be filed with the FTA alongwith refund request application;
- Liaising with the FTA in respect of the refund request application, filing legal responses to their queries, providing additional documentation etc;
- Successful completion of the refund process