The Federal Tax Authority (FTA) has recently issued a user guide for a refund on Vat Paid for Goods and Services Connected with Dubai Expo 2020. The issuance is at par with the Cabinet Decision No. 1 of 2019 on the ‘Refund of Value Added Tax Paid on Goods and Services Connected with Expo 2020 Dubai’. The Official Participants of the Dubai Expo 2020 will be able to take VAT Refund as incurred by them while importing or supplying of certain Goods and Services.
Yes, the official participants of Expo 2020 will be able to claim their VAT Refund as incurred.
What is the claimable Nature of expenses for Dubai Expo 2020?
The Expenses that have been incurring VAT on Goods and Services connected to the Expo 2020 as per normal UAE VAT rules.
You can claim your VAT expenses in any of the below-mentioned methods.
Usually, any expenses incurred with VAT which is intended to be used for making taxable supplies can be recovered from the Federal Tax Authority. Special exceptions have been provided to official participants of Expo 2020 having refund entitlement certificate can claim back for the VAT on expenses incurred even without providing taxable supplies, those types of expenses are listed below.
Registered and non-registrant official participants of Expo 2020 should apply for Refund Entitlement Certificate, only then they will be able to claim VAT on the expense incurred for any of the type of expenses explained above.
Application for Refund Entitlement Certificate should directly be addressed to the Federal Tax Authority. A form should be filled and submitted by email. The below-mentioned information should be made available while filling the form for Refund Entitlement Certificate.
The application should be supported by documents such as Trade License of Expo 2020 and Scan of passport and Emirates ID of Section Commissioner-General of the Official Participant.
Official Participants registered for VAT in UAE can claim their refund on their regular VAT return by filing the VAT Return Form 201. Non-registrants may apply as follows:
The authority will take 20 business days to process the application, and if the approved certificate will be issued in letter format and will be sent by email.
The time specified for refund processing is also 20 business days and after processing the official participant will be informed by the authority the status of the request and if approved, the refund will be credited to the nominated bank account within 30 days of approval of the application. Emirates Chartered Accountants Group offers a wide range of VAT Services all over the different emirates of UAE and in Bahrain,
The Tax Department has an in-hand experience of implementing VAT in UAE for more than 500 businesses in the UAE and possess practical experience with the ongoing scenarios for VAT in UAE ranging from public listed companies, banks, corporates & SME’s across the UAE.
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