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Refunding Tax Related to Construction of Homes in UAE
United Arab Emirates (UAE) nationals are entitled to a refund of Value Added Tax (VAT) incurred on the construction of new homes. This applies to any UAE citizen that own or purchase land in the Emirates and construct their home. If you have recently built your home in the Emirates, then you may be entitled to a VAT refund.
An expert tax agent in Dubai can help you determine whether you are eligible for a tax refund, and will handle the entire tax refund request process through the Federal Tax Authority. This involves submitting a request form to the FTA and providing sufficient documentation to support your case.
Tax Refund Agency in UAE
Here at Forever Rich UAE, we are experts in accounting, bookkeeping, financial, and tax services. Our goal is to help you achieve impeccable financial standing. Contact one of our tax experts in UAE today to collect a refund on your VAT paid for the construction of your home.
Construction of a building is a taxable supply under the UAE VAT laws. This means that a person is liable to pay taxes on the expenses involved in the construction of their residential property. However, under the VAT Refund Scheme for UAE nationals, you may be eligible to receive a refund on the taxes paid for the construction of your home.
If you believe you are eligible to receive a refund on the VAT paid on the construction of a home, contact a specialist tax agent in Dubai. The process of requesting a refund involves submitting a refund form to the Federal Tax Authority (FTA) via email along with supporting documentation.
+971 04 582 0699
Individuals are required to submit the refund request to the FTA within 12 months from the date of completion of the newly constructed residence. This can be either once the home is occupied, or when the Building Completion Certificate has been provided.
If you are in the midst of constructing your home, or have recently done so, then it is highly recommended to consult with an expert tax agent in UAE. A tax agent can help you determine your eligibility for a VAT refund, and also help you through the process of collecting documentation and submitting the refund request form.
An expert tax agency in UAE will help you quickly and efficiently submit your tax refund request for the construction of residential property. This way, the FTA can review your request within the given timeframe, and you can receive your money back! Contact us at Forever Rich UAE now to get started.
(Tax Agency Number: 30004980) in accordance with the Federal Law No. (7) of 2017 on Tax Procedures in the UAE which describes the appointment of a Tax Agent, & a Tax Agent’s registration procedure & conditions that must be fulfilled for registering a Tax Agent in the Register.
Contact us today for help on all of your VAT registration and de-registration needs!
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