Most small businesses in UAE generally doesn’t have any clue on recovering from a tax difference amount. When the VAT charges on the purchased goods becomes more that that of the VAT amount you get through the sales, then a problem arises. Before you start worrying on how to handle such complex situations, discover a way to log into EmaraTax platform.
Steps for Claiming VAT Return Using EmaraTax
Step 1: Login to your account
Firstly, you need to enter your credentials for logging into the EmaraTax platform. Furthermore, you can also use the UAE Pass as well. Now proceed into your account and select the user type. As you’re eligible for tax under the provision of UAE VAT lax, select the Taxable person option.
Step 2: Choosing the VAT module
You will come across the Taxable Person homepage which will be displaying your profile. You can then click on the view option to open it. Afterwards, go on the left-side bar and click on the VAT module option.
Step 3: Creating refund requests
You will see two different options in front of the screen. Go and select the VAT 311 and click on “create new” for a new refund request. A new window will open letting you know about the guidelines, templates, criteria. After you have completely read and understood it, mark the check box to proceed further.
Step 4: Verifying information
Now you have to enter your personal information including your bank details as well. Make sure they are accurate for ensuring a smooth working process. Moreover, double-check the entire information for avoiding any grammatical errors which may lead to payment failure.
Step 5: Refund your VAT amount
Choose the VAT return and enter the refund amount while clicking on “Add Supporting Details” for getting a breakdown. Upload a filled template by adding additional refund details. Remember to upload your required documents and download the filed amounts for selected tax period. Finally, submit the refund request and note down the application reference number for future purposes.
Conclusion
The EmaraTax platform lets many businesses in UAE to file returns and apply for refunds in a convenient way. The tax difference can affect the business operations. Therefore, stop confusing yourself and make use of this great platform for claiming direct VAT returns.
