Glossary
Applicant | : | A UAE National applying for a VAT refund in respect of the Goods and Services related to the construction of a new residence that is not part of the Person's Business. |
Business Day | : | Any day of the week, except weekends and official holidays of the Federal Government. |
EmaraTax | : | The FTA's digital tax services platform. |
FTA | : | Federal Tax Authority of the United Arab Emirates. |
Goods | : | Physical property that can be supplied including real estate, water, and all forms of energy as specified in the VAT Executive Regulation. |
IBAN | : | International Bank Account Number. This is a unique identifier for a bank account that is required for processing VAT refunds. |
Maskan | : | A digital application for refunding VAT to UAE Nationals constructing new residences. |
New Residences Refund Scheme | : | A special VAT refund scheme for UAE Nationals constructing new residences. |
Refund Request | : | An application for a VAT refund under the New Residences Refund Scheme. |
Services | : | Anything that can be supplied other than Goods. |
Tax Registration Number (TRN) | : | A unique number issued by the FTA for each person registered for VAT purposes. |
Tax | : | Value Added Tax (VAT). |
UAE Nationals | : | A natural person who is a citizen of the UAE and has Family Data. For more information, please see the Federal Authority for Identity, Citizenship, Customs & Port Security's website at https://icp.gov.ae. |
Verification Body | : | Independent third-party companies appointed by the FTA to conduct a detailed review of the expenditure, Tax Invoices and VAT incurred as well as other documents submitted to the FTA as part of the New Residences Refund Scheme. |