Acquiring your tax refunds from FTA (Federal Tax Authorities) could be a laborious tasks if you haven’t kept account of even the minutest transactions. It takes a prolonged period to sanction if there is faulty in submissions. To accelerate the tax refunding procedures one must have all the required tax statements and refund details ready and intact. The common roadblocks that stand between your firm and the authoritative sanction for tax returns are many- for instance, deficient knowledge and comprehension regarding indirect tax rules, rigid administrative tasks, incompetent or even erred documents, lack of meeting the deadlines in responding to the FTA, etc.
In accomplishing Accruon’s vision to incorporate efficiency in taxation tasks and to accomplish VAT Refund, we look into the the requirements requested by FTA such as documentation review, info preparation, etc. and continues follow-up with FTA with the objective of hastening the process of refunding. Our comprehensive services are rooted in the immense experience we have on VAT refunding and we make sure all the complex processes are made easy and effective, letting you in on every step of this journey.
Our dependable team can conduct a UAE VAT voluntary disclosure in a number of different methods. The usual method for making a VAT voluntary disclosure in the UAE is as follows:
The FTA also requires a letter that includes background information and full descriptions of all problems discovered. The letter must explain why the VAT voluntary disclosure was made, as well as the inaccuracies that were discovered. This letter, which our staff also examined and sent, will be used to help the tax authority acknowledge the request.
Apart from determining the tax owed, our VAT experts in the UAE can assist you with reporting any wrong amounts. That, as well as the accurate values, were given to the FTA. Both statistics must be given to the local tax office in order to alert them to any inconsistencies.
Our professionals will handle payments as well, so you won't have to bother with the FTA (if necessary). Keep in mind that a VAT voluntary disclosure may result in fines if an error is made. This is insignificant in comparison to the fines that would be imposed on taxpayers if the FTA discovered the errors on its own, as previously stated. We can also review your penalty settlement options with you and assist you.
We will assign a dedicated and qualified team to your entity, who will assist you in ensuring statutory compliance and providing necessary management reports.