A new refund system has been implemented in UAE from August 1. If you have deposited any money, you will get partial or full refund from today
The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) has made a big announcement of refunding fees paid for tax-related “personal clarification” service. This rule has come into effect from August 1, 2024.
What is a “private clarification”?
Many times companies have difficulty understanding tax rules. For this, FTA provides a “Private Clarification” service, under which companies can seek clarification about one or more taxes. They have to pay a fee for this service.
Now when will I get my fees refunded?
According to the new rules, you can get this fee refunded in some situations:
- If you withdrew your request within two days: If you change your mind within two days of asking for clarification, you will get your full fee refunded.
- If you are not registered for corporate tax: If you are not registered under Corporate Tax and your clarification is related to the same, you will get your fees refunded.
- If your company is subject to a tax audit: Even if your company is getting a tax audit done, you will get your fees refunded.
- Some other conditions: There are also some other situations in which you may be able to get a fee refund. Full details of these situations are available on the FTA website.
Full fee or partial fee refund?
If you have sought clarification on more than one tax, and you have received clarification on only one tax, you will get partial fee refunded.
FAQ(Frequently Asked Questions):
1. Does this rule apply to all companies? Yes, this rule applies to all companies in the UAE.
2. How will I know whether I will get a fee refund or not? For this you should carefully read the rules given on the FTA website.
3. What do I need to do to get my fees refunded? If you think you are eligible for a fee refund, you will need to contact the FTA.
4. Will the fees paid before this rule be refunded? No, this rule applies only to fees paid after August 1, 2024.
