UAE: Consolidated export verification report process, expedited VAT refunds
UAE: Consolidated export verification report process
Dubai Customs launched a new process for issuing export verification reports that will allow value added tax (VAT) refunds claimed against cleared export declarations.
The new mechanism will allow the tax agency of the United Arab Emirates and Dubai Customs to generate a consolidated export verification report for all importers operating under a single tax registration and associated with multiple business codes.
This treatment is expected to facilitate the process for claiming VAT refunds by registered traders.
Read an April 2021 report [PDF 155 KB] prepared by the KPMG member firm in Bahrain
© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.