VAT refunds are applicable when an entity has a higher input tax claim than the output tax it owes. The Federal Tax Authority provides VAT refunds and also allows for adjustment of refundable amounts in subsequent returns against VAT payable liability. However, entities have the option to either claim the VAT refund by applying to the FTA or wait for it to be adjusted against future VAT payable in subsequent returns.
At JASM, our experts offer VAT refund services at competitive rates. We act as intermediaries, representing the entity and providing the necessary information to the FTA according to their guidelines to facilitate the refund process.
