The Federal Tax Authority of the United Arab Emirates (UAE) is currently accepting value added tax (VAT) refund applications from non-UAE resident businesses (foreign businesses) for the calendar year 2019.
The deadline to submit a VAT refund request is 31 August 2020.
Only a foreign business that satisfies the following conditions is eligible for a VAT refund in the UAE:
An important requirement of any refund claim is that original hardcopy invoices (along with proof of payment) must be submitted along with the VAT refund claim application. Because this evidence could take time to source and to validate, businesses need to consider beginning this refund claim process now.
There is a list of countries for which residents are eligible for the foreign business VAT refund in the UAE. However, there are other possible alternatives to consider and explore, to minimize the irrecoverable VAT cost incurred in the future.
For more information, contact a KPMG tax professional in the UAE
Rhys Penning | email@example.com
Keith Donegan | firstname.lastname@example.org
Julie Lere Pland | email@example.com
Aabha Lekhak | firstname.lastname@example.org
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