1.
Are simplified tax invoices acceptable for refund purposes?
Below are the required details that must be included on simplified tax invoices for the purpose of VAT refund related to the construction of citizens residences:
• The phrase “Tax Invoice” must appear on the invoice.
• Full name of the property owner or the refund applicant (if the applicant is not the owner).
• Invoice reference number.
• Invoice issuance date.
• Supplier’s name, address, and Tax Registration Number (TRN).
• Plot number.
• Total taxable amount, VAT amount, and total invoice amount.
• Description of the purchased goods/services listed in the invoice.
2.
Is it possible to request a refund for more than one residence?
The applicant may request a refund for more than one residence, however, a separate request must be filed for each residence. Moreover, each request must meet the requirements on an independent basis
3.
Why is the IBAN letter requested?
IBAN letter is requested to ensure that the bank account provided is active and to confirm that the owner of the bank account is the relevant refund requestor
4.
What is the time limit for submitting a VAT Retention Payment refund request?
The UAE National is entitled to submit a subsequent claim to the FTA to recover VAT related to the retention payment within 6 months from the date of making the payment.