Key Information About VAT Refunds for UAE National Residences
Key Information About VAT Refunds for UAE National Residences
UAE citizens are eligible to apply for a special VAT refund from the Federal Tax Authority (FTA) if they own or purchase land in the UAE and then construct or commission the construction of their own home. Subject to certain restrictions and conditions, this reimbursement compensates the VAT paid on some costs directly associated with building a new home. It’s crucial to realize that this program is only intended to assist UAE citizens in constructing their permanent dwelling; commercial properties, additions, or renovations are not included.
Refund Requirements for UAE National Residences
UAE Nationality
The candidate must be a citizen of the United Arab Emirates.
Land Ownership
The candidate must be the owner of or have purchased land in the United Arab Emirates.
Construction of New Homes
Only new homes built for family or personal use are eligible for the VAT refund. Commercial properties, additions, and renovations are not covered.
Direct Construction or Commissioning
The applicant must have either commissioned the construction of the home or been personally involved in its creation.
Eligible Expenses
The reimbursement includes VAT paid on certain pre-approved costs associated with building the new home. Usually, these consist of consultant services, contractor services, and building supplies. The FTA has a comprehensive list of qualified expenses.
Compliance with FTA Guidelines
A successful refund application requires strict respect to the rules and regulations established by the Federal Tax Authority. This include fulfilling deadlines and providing proper paperwork.
Deadline for Applications
Within 12 months of the building’s completion, the application for the VAT refund must be made.
IBR Group’s VAT Refund Services for UAE National Residences
It can be difficult to deal with the VAT refund process. Our customized services are intended to streamline the procedure and optimize your reimbursement:
Eligibility Assessment
Using information from your construction plans, land ownership, and other relevant variables, we thoroughly evaluate your eligibility for VAT refunds. This guarantees that you fulfill every requirement before moving forward.
Documentation Preparation
We help you collect and get ready all the paperwork needed for the VAT reimbursement request. This involves making certain that every invoice complies with FTA regulations and is legitimate and comprehensive. We also assist with the preparation of any additional supporting documentation.
Application Submission
We assist you with the application submission procedure, making sure that all necessary data is appropriately and correctly sent to the FTA. If permitted, we may also submit the application on your behalf.
Interaction with Authorities
We serve as your liaison with the Federal Tax Authority, responding to any questions or requests for more details. We speed up the refund procedure and handle any possible problems by facilitating efficient contact.
Ongoing Support
We offer continuous assistance during the whole refund procedure, answering any queries you might have and updating you on the progress of your application.
Benefits of Using Our Services
Expert Guidance: Our team has in-depth knowledge of the UAE VAT regulations and the refund process for national residences.
Time Savings: We handle the complex paperwork and communication with the FTA, saving you valuable time and effort.
Reduced Stress: We take the stress out of the refund process, allowing you to focus on your new home.
Maximized Refund: We ensure your application is complete and accurate, maximizing your chances of receiving the full refund you are entitled to.