VAT
Our VAT Services
VAT Registration Service
Review VAT
VAT Agency Services
VAT Health Check
FTA Audit Assistance
VAT Refunds
Value-Added Tax (VAT) recovery is an essential component of a successful indirect tax plan. However, it might be challenging to understand how to get a VAT refund for your company in the United Arab Emirates, and lengthy delays are typical. In addition to being aware of the situations in which they might demand a refund of taxes, taxpayers also need to know how to prepare themselves so that they can quickly receive the requested refunds of VAT taxes.
If not, the issues that could come up during the VAT return procedures could have a negative impact on the company’s financial management. The VAT tax refund process can be accelerated by fully preparing the tax refund file in addition to all other necessary steps. Despite the fact that there are a number of methods for recovering VAT, companies may find it challenging to really meet the requirements.
Furthermore, stringent requirements are met by tax authorities prior to approving a reimbursement. Lack of knowledge of the intricate indirect tax regulations, challenging administrative processes, inadequate or inaccurate documentation, and missing deadlines for responding to the Federal Tax Authority are some of the obstacles to obtaining VAT refunds. Tax leakage and negative cash flow are frequent consequences of unclaimed tax credits and missed or delayed refunds, which raise operating expenses and lower profitability.
Proud to be a Federal Tax Authority Registered Tax Agency, GST Corporate Services is staffed by experts committed to providing top-notch services and satisfying clients. We have a wide network of tax agents and VAT experts that are highly knowledgeable and experienced in the processes involved in filing VAT refunds. Our professionals can help your company create or enhance relevant business procedures to shorten the time and save administrative expenses involved in filing claims while raising your chances of success.
If not, the issues that could come up during the VAT return procedures could have a negative impact on the company’s financial management. The VAT tax refund process can be accelerated by fully preparing the tax refund file in addition to all other necessary steps. Despite the fact that there are a number of methods for recovering VAT, companies may find it challenging to really meet the requirements.
Furthermore, stringent requirements are met by tax authorities prior to approving a reimbursement. Lack of knowledge of the intricate indirect tax regulations, challenging administrative processes, inadequate or inaccurate documentation, and missing deadlines for responding to the Federal Tax Authority are some of the obstacles to obtaining VAT refunds. Tax leakage and negative cash flow are frequent consequences of unclaimed tax credits and missed or delayed refunds, which raise operating expenses and lower profitability.
Proud to be a Federal Tax Authority Registered Tax Agency, GST Corporate Services is staffed by experts committed to providing top-notch services and satisfying clients. We have a wide network of tax agents and VAT experts that are highly knowledgeable and experienced in the processes involved in filing VAT refunds. Our professionals can help your company create or enhance relevant business procedures to shorten the time and save administrative expenses involved in filing claims while raising your chances of success.
Voluntary Disclosure
The FTA invites taxpayers who think they may have violated the provision or who think something went wrong to submit a Voluntary Disclosure. To avoid punishment, one must address errors or failures head-on. A taxable person who discovers a mistake or omission in their tax return, tax assessment, or tax refund application must make a voluntary disclosure to the FTA.
Article 8 of Cabinet Decision No. 36 of 2017 on the Executive Regulation of Federal Law No. (7) of 2017 on Tax Procedures states that a taxable person may file a voluntary disclosure under certain circumstances as outlined in the guide.
The concern is how a company can identify inaccuracies or errors in VAT returns that have already been filed. A company may request an audit review in order to identify errors in previously submitted tax returns. You can identify all of the problems, omissions, and errors in your VAT returns by having a Registered Tax Agency (authorized by the Federal Tax Authority of the UAE) do a VAT Audit-Review.
In the end, this activity will reduce the possibility of facing fines and penalties in the event that the FTA issues a tax assessment. Additionally, it will guarantee that you don’t cause your clients any VAT problems, which could negatively impact your business partnership.
There have been other cases of petitions being rejected because taxpayers filed them incorrectly. Several clients have received assistance from MBG Corporate Services in submitting their voluntary disclosure forms. You receive guidance from our team of VAT specialists both throughout and after the application submission procedure.
Article 8 of Cabinet Decision No. 36 of 2017 on the Executive Regulation of Federal Law No. (7) of 2017 on Tax Procedures states that a taxable person may file a voluntary disclosure under certain circumstances as outlined in the guide.
The concern is how a company can identify inaccuracies or errors in VAT returns that have already been filed. A company may request an audit review in order to identify errors in previously submitted tax returns. You can identify all of the problems, omissions, and errors in your VAT returns by having a Registered Tax Agency (authorized by the Federal Tax Authority of the UAE) do a VAT Audit-Review.
In the end, this activity will reduce the possibility of facing fines and penalties in the event that the FTA issues a tax assessment. Additionally, it will guarantee that you don’t cause your clients any VAT problems, which could negatively impact your business partnership.
There have been other cases of petitions being rejected because taxpayers filed them incorrectly. Several clients have received assistance from MBG Corporate Services in submitting their voluntary disclosure forms. You receive guidance from our team of VAT specialists both throughout and after the application submission procedure.
Our Services
Taxation
Match your establishment goals with your tax tactics. Our tax professionals in the United Arab Emirates provide comprehensive, integrated support in a range of tax areas.
Audit & Assurance
Companies are always expected to be up to date with the rapidly changing technical landscape and regulatory requirements. The audit landscape has seen substantial changes throughout the years
Legal Advisory
The GST Legal Consulting team is knowledgeable about the latest and intricate changes to corporate and commercial laws as well as regulatory compliances in the United Arab Emirates.
Business Setup
Establishing and closing a business successfully in the United Arab Emirates involves a multifaceted process. To facilitate legal proceedings and paperworkone needs a solid project management background
What is it we can do to support you?
As the world changes quickly, stay one step ahead of it and work with us to create a sustainable future.