Ensure Every DIRHAM counts With VAT Refund Service

Maximize your VAT refund potential with our expert assistance in Dubai. Best Solutions helps businesses recover eligible VAT amounts, ensuring your cash flow remains optimized.

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The Importance of VAT Refund Services in Dubai

In Dubai’s business landscape, managing VAT obligations is crucial for success. However, many businesses overlook the potential for VAT refunds, leaving money on the table. Best Solutions offers comprehensive VAT refund services to help businesses recover eligible VAT amounts, optimizing their cash flow and financial performance.

Improved Cash Flow: Recovering VAT refunds can significantly improve your business's cash flow, providing you with additional funds to invest in growth and expansion. Our services help you identify and claim all eligible refunds.
Compliance Assurance: Claiming VAT refunds requires adherence to specific regulations and procedures. Our services ensure that your refund claims are prepared and submitted in compliance with UAE tax laws, minimizing the risk of delays or rejections.
Time Savings: Navigating the VAT refund process can be time-consuming, especially for businesses unfamiliar with the requirements. By outsourcing your VAT refund needs to us, you free up valuable time to focus on your core business activities while we handle the complexities of the refund process.
Refund Maximization: Our team of experts analyzes your financial records to identify all eligible VAT refunds, ensuring that you maximize your refund potential. We employ strategies to optimize your claims and recover the maximum amount possible.
Ongoing Support: VAT refund claims can be an ongoing process, with multiple submissions required throughout the year. Our services provide continuous support, helping you stay on top of your refund claims and ensuring that you receive timely approvals from tax authorities.

Tailored Support for Your VAT Consultancy Needs

At Best Solutions, we offer a comprehensive range of VAT refund services designed to meet your specific requirements. Our dedicated team is here to guide you through each step of the process.

We begin with a thorough consultation to understand your VAT refund eligibility and financial goals. Our experts assess your current situation and provide tailored recommendations to help you maximize your refund potential.

Our team prepares your VAT refund claims accurately, ensuring that all necessary documentation and calculations are in order. We employ best practices and strategies to optimize your claims and recover the maximum eligible amount.

We assist you with the submission of your VAT refund claims to the relevant tax authorities, ensuring that all paperwork is completed accurately and submitted on time.

We provide continuous support throughout the refund process, helping you stay informed about the status of your claims and making adjustments as needed. Our proactive approach ensures that you receive timely approvals and recover your eligible VAT amounts efficiently.

Essential Documents for VAT Refund Services

To effectively utilize our VAT and tax services in Dubai, specific documents may be required. Our team at Best Solutions will assist you in preparing these documents to ensure a smooth process.

Financial Statements

We may require access to your financial statements, such as balance sheets, income statements, and cash flow statements. These documents provide a clear picture of your financial health and are essential for identifying eligible VAT refunds.

Invoices and Receipts

All invoices issued and receipts received should be organized and provided to us. This documentation is crucial for tracking input VAT and supporting your refund claims.

VAT Returns

Copies of previous VAT returns filed with the tax authorities are necessary for assessing your refund eligibility and calculating the amounts to be claimed.

Business License

A copy of your business license is essential for verifying your company's legal status and ensuring compliance with local regulations.

Additional Business Documents

Depending on your business structure, we may require other relevant documents, such as shareholder agreements, memorandum and articles of association, and any previous tax assessments.

Who Can Benefit from VAT Refund Services?

Our VAT refund services in Dubai cater to a wide range of clients, including businesses and individuals seeking to optimize their cash flow and financial performance.

Startups

New businesses often incur significant expenses during the setup phase, making VAT refunds crucial for managing cash flow. Our services help startups identify and claim eligible refunds, providing them with much-needed funds for growth.

Small and Medium Enterprises (SMEs)

SMEs can benefit from our comprehensive VAT refund services, as they often have limited resources to dedicate to tax matters. Our team helps SMEs recover eligible VAT amounts, enhancing their financial flexibility and competitiveness.

Large Corporations

Multinational corporations operating in Dubai can rely on our expertise to ensure that they recover all eligible VAT refunds. We provide tailored services to meet the unique needs of large businesses and help them optimize their cash flow.

Exporters

Businesses engaged in exporting goods or services can benefit from our VAT refund services, as they may be eligible for refunds on input VAT related to their export activities. We help exporters identify and claim these refunds, improving their profitability.

Specific Industries

Certain industries, such as construction, healthcare, and education, may be eligible for specific VAT refunds. Our team has expertise in identifying and claiming these industry-specific refunds, helping businesses in these sectors optimize their financial performance.

Benefits of VAT Refund Service

When done right, VAT refunds can play a significant role in improving a business’ cash flows. Here are some key benefits our VAT Refund Assistance service delivers.

A successful VAT refund injects money back into your business that can then be used to pay off liabilities, replenish stock levels or even diversify into new opportunities. This boosts operating capital available which is vital for growth.

Submitting refund applications and following up is a tedious, paperwork-heavy exercise. Our team handles this administrative load completely, giving you time back to focus on core operations and strategy.

Our experts thoroughly scrutinize documents for eligibility and ensure complete accuracy as per FTA guidelines before submission. This substantially reduces chances of refund requests getting rejected or delays in processing.

With years of experience assisting clients across sectors, we have sharp insights into FTA requirements and red-flag issues. We leverage this specialised knowledge and relationships to get you the fastest turnaround on refunds.

By outsourcing VAT reclaims to us, you achieve compliance without adding headcount overheads or learning the dynamic tax regulations in-house. This keeps costs low.

Entrusting refund assistance to us means you no longer need to monitor this area of compliance closely or worry about errors. We handle it fully, giving you one less burden.

What Our VAT Refund Service Assistance Covers

Our VAT Refund Service goes beyond mere submission of applications. We provide end-to-end support through the entire refund cycle until you receive payment. Here is a overview:

Eligibility Evaluation

We scrutinize invoices, agreements, export documents etc. to advise on supplies qualifying for zero-rating or refund of input tax. This pre-evaluation saves future troubles.

Accurate Application Preparation

Our team prepares fully compliant refund requests with properly mapped invoices and supporting papers. This removes errors that can delay processing.

Regulatory Knowledge

With up-to-date understanding of FTA's evolving policies, we ensure applications meet current guidelines for fastest approvals.

FTA Correspondence

We assist with in following up on applications’ statuses and addressing any issues/clarifications proactively..

Refund Tracking

We assist in terms of monitoring processing progress and update you regularly until cheques are received.

Post-Refund Support

We help resolve any discrepancies noticed in approved amounts and re-apply for shortfalls to maximize refunds owed.

Periodic Reviews

Our service includes periodic reviews of eligibility for missed periods to identify new potential refunds for you.

Why Choose Us For VAT Refund Service Assistance in Dubai?

When choosing a consultant, it is important businesses select one with proven credentials. Here are some compelling reasons to trust Best Solution for your VAT refund needs:

Expert Team

Our specialists have in-depth working knowledge of UAE VAT regulations through assisting top local and global companies regularly over the past 5 years.

Results-Focused

With a success rate of over 95%, we deliver real value by recovering the maximum refund amounts for clients efficiently through our rigorous approach.

Personalized Service

Every client is assigned a dedicated account manager plus we cater tailored solutions based on your unique business requirements.

Backed by Accountants

Being a team of experienced Chartered Accountants, we adhere to compliance best practices as per governing accounting bodies ensuring zero lapses.

Valuable Add-Ons

Alongside refund applications, we offer value-adding services like eligibility reviews, regulatory alerts and recoverability projections.

Rapid Turnaround

Through our streamlined internal processes and FTA relationships, we are able to expedite refunds, often getting approvals in less than 20 business days.

Budget Friendliness

Our highly competitive all-inclusive fee structure with no hidden costs ensures affordability for businesses of all revenue scales.

Book Your
Consultation Now!

Evaluating eligibility and submitting accurate refund applications require compliance expertise. To arrange a priority briefing and discuss your company’s needs, contact our representatives. Our initial consultation costs nothing. Use the form below to book your slot today!

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FAQs

How long does the VAT refund process typically take?

The FTA reviews the application & gives an answer usually within 20 business days. After the approval refund application, it takes approx five business days to get refund amount credited.

Is there a minimum threshold for VAT refunds to be submitted?

No, there is no minimum amount specified. Businesses can submit refund claims for any amount of input tax that has been paid on purchased goods and services within their zero-rated activities.

What if the VAT return period is missed, can it still be reclaimed?

Yes, Penalties are applied for late return filing. But the FTA allows businesses to adjust their VAT returns or claim missed input VAT within 5 years from the end of the relevant tax period. Businesses have the option to submit a Voluntary Disclosure to claim input tax for missed periods if the missed tax is above AED 10,000. If below 10,000 input tax can be recovered within the next VAT return filing.

Do refunds apply on imported goods too if they are re-exported?

Yes, input tax paid on import of materials, equipment, samples etc. qualifies for refund if the goods are solely used for making zero-rated exports/supplies. We ensure complete validation of documents for such imports.

What documents are required for a refund submission?

Main documents required are tax invoices, supplier statements, export/re-export declarations, bank statements, proof of receipt/payment like remittance advice, SAP details etc. We efficiently collate all necessary papers.

How soon can the refunded amount be expected?

After the approval of the refund application, it takes approx five business days to get the refund amount credited.

What language services are available?

We provide VAT refund assistance services in English and Arabic to best serve clients from diverse backgrounds. Documents are also submitted bilingually.

What is your fee structure for VAT refund services?

Our fee is very reasonable starting from AED 1500 inclusive of all processing and follow-ups until payment receipt. It is just 2% of the refund amount secured with a minimum of AED 1500.

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Ensure Every DIRHAM counts With VAT Refund Service

4.9

100+ 5 Star Reviews

Our Partners