FTA makes it easier for Emiratis to recover VAT on homes

The Federal Tax Authority (FTA) has launched a new platform on its website to streamline the process of recovering Value Added Tax (VAT) incurred by UAE citizens on the building of new homes. Citizens who qualify for VAT recovery on newly-built homes will receive an email with a request to submit the necessary documents to complete the processing. After verification of the documents, the citizen is notified of his/her entitlement. If the refund amount matches the tax invoices provided, then following final approval the refund amount is transferred to the applicant’s bank account.

Further, the number of original documents that need to be submitted with the application has been reduced to four and include :

•  a copy of the applicant’s family book, 
• a copy of the applicant’s Emirates ID, 
• a building permit included in the certificate of completion issued by the municipality, and 
• a document indicating the date from which the building has been occupied. 

Read full news at https://gulfnews.com/business/fta-makes-it-easier-for-emiratis-to-recover-vat-on-homes-1.69151032