VAT refund Archives | Blog from OBM, Management and Financial Consultants

VAT refunds on new residences for UAE nationals

By Own Business Management

May 22, 2018

According to the latest reports, the FTA has set three requirements and procedures to process VAT refunds on new residences. Conditions for VAT Refunds on new Residences In order to refund VAT, the conditions that must be satisfied are: The applicants must be UAE nationals The capital must be financed towards the construction of […]

Want to get a VAT refund? Check out these steps

By Own Business Management

May 14, 2018

When can you claim for a VAT refund? VAT refund can be made when the input tax is greater than the output tax on a VAT return. VAT refund request can be given after the submission of VAT return (VAT return summarizes the VAT due to the FTA for the tax period). The FTA will […]