The Business Visitor Refund Scheme (‘BVRS’) introduced by Federal Tax Authority (‘FTA’) facilitates foreign businesses to claim the refund of VAT incurred on eligible expenses in the UAE. This scheme offers significant benefits with simplified procedure to claim VAT incurred by foreign businesses in the UAE.
The due date for submission of BVRS application is 31 August each year.
To obtain the VAT refund under this scheme, foreign businesses are required to follow these simple steps:
- Evaluate the eligibility to apply for refund under BVRS
- Ensure all required documents are gathered.
- Cross-check that all the information is correct to prevent any issues.
- Complete and submit your application before the due date.
BDO can support and help to get your BVRS refund application submitted swiftly and in an organized manner.
Please connect with one of our Tax experts for support on BVRS refunds
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