Vat refund in UAE
All the business registered under VAT in UAE must go for filing the VAT returns by providing all the details of the sales, VAT input and output, purchases and more. The amount collected on the sales would come under the category of VAT output whereas the one paid to the suppliers would come under that of the VAT input.
Treating VAT refund in UAE;

For the treatment of excess VAT input, the taxpayer can choose from 2 main options referred to as the VAT refundable. Here are the conditions in which the taxpayer can go through the VAT refundable;

1. He is eligible for putting up the request of VAT refund

2. If the taxpayer is not willing for a VAT refund, his excess tax that is to be recovered will get carried away to the proceeding tax periods. He can thus go for a VAT refund later though.

The procedure of claiming a VAT refund
For those having an excess of VAT input, there is a proper option for them for requesting a VAT refund on the VAT refund.

If you wish to request a VAT refund, you must click yes on the option for recovering the excess amount of tax. If you do not select yes, you will get carried away to the succeeding tax periods. It can also be used for balancing against the penalties or tax that is payable.

After you are done with submitting your VAT RETURN, you must move further in order to complete the application form of VAT refund.

Here are the steps to follow for submitting the form for VAT refund;

• First of all, you must log into the portal of FTA e-services

• Access the refund form by navigating to the tab of VAT and then that of the VAT refund

• Click on the 'VAT Refund Request'

• After you click on the 'VAT Refund Request', you will see a form opening. You need to fill in all the details for submitting the form.

Fields present in the VAT refund form;

1. TRN, legal entity name or more: This category will get filled on its own based on the information present in your user profile. So, make sure you enter the right information in there

2. Amount of tax Refundable: this category will also get auto-populated depending upon the excessive tax appeared in the last VAT returns

3. The amount you want to refund You must fill in this category but make sure that you enter the amount that is equal or less than that of the total amount of excess tax that is refundable.

4. The remaining amount of refundable tax (Excess): this category will also get filled in automatically on the basis of the amount of the refundable excess tax that remains behind.

• Penalty
This field will get filled automatically as well depending upon the penalty that has been imposed upon you for any cause including that of the late registration.

Authorized participant and the declaration: this category will be auto-filled but make sure to tick the declaration before you submit your VAT in UAE refund form.
Lastly, click on the submit option after you are done with completing it properly.

If you are still confused about VAT refund, click here.