Value Added Tax (also referred to as input tax or turnover tax), an indirect tax levied at every economic stage from the manufacturer to the retailer, is ultimately borne by the end consumer. Consequently, domestic companies as well as companies located in a number of other countries are entitled to refunds or compensation.

Consequently, a large number of international companies end up not claiming VAT refunds from foreign authorities; others are simply not aware that they are entitled to do so.

In principle, companies may claim refunds of the VAT withheld, for instance, for business travel expenses, operating costs, service fees, trade fair and conference-related expenses as well as general business supplies. In addition, the astute handling of affairs may help optimize the VAT burden in a number of other fields.

Depending on the type of enterprise, the annual savings can range between as “little” as a few thousand Dirhams, for instance in connection with a trade fair presence, and several million Dirhams in the case of multinationals.We have been providing VAT refund-related services ensuring that our customers are reaping the full benefits of this cost savings potential.We handle the entire administrative procedure, from the identification of the refundable VAT to the application for the refund and, finally, to the transfer of the incoming payments.The experts in VAT undertake the

followings steps for successful implementation of UAE VAT in your company.