< id="header-1"p>Some bank users had been receiving emails from unidentified sources representing banks and financial institutions requesting personal data to help them declare their VAT refunds.< id="header-2"/p>
< id="header-3"p>< id="header-4"strong>Reading time: 1 minute< id="header-5"/strong>< id="header-6"/p>
< id="header-7"p>It had been reported that some bank users had been receiving emails from unidentified sources representing banks and financial institutions requesting personal data to help them declare their Value Added Tax (VAT) refunds.< id="header-8"/p>
< id="header-9"p>The FTA emphasized that these are fraudulent messages and that it never asks people to disclose their data via e-mail, text, or over the phone. It reaffirmed that tax refunds are processed only through the authority's official website.< id="header-10"/p>
< id="header-11"p>The FTA defined that tax refund operations for legally eligible categories are conducted directly between the authority and the taxpayer, with the authority approaching registrants directly without any third-party interference.< id="header-12"/p>
< id="header-13"p>The authority also guaranteed that refunds are accomplished by availing the latest secure electronic systems available on the authority’s website and that these systems meet the strict safety standards relating to financial transactions.< id="header-14"/p>
< id="header-15"p>It was also mentioned that tax refunds can only be made by using the registrant’s bank’s IBAN through its systems, which are electronically linked to the central bank. < id="header-16"/p>
< id="header-17"p>It was also highlighted that all transactions - registration, submitting tax returns, refunding tax for eligible candidates, etc. - can be completed with a few simple steps via the e-Services portal, available 24/7 on the FTA website: < id="header-18"a href="http://www.tax.gov.ae">www.tax.gov.ae< id="header-19"/a>.< id="header-20"/p>
< id="header-21"p>< id="header-22"strong>< id="header-23"em>The < id="header-24"a href="http://www.khaleejtimes.com/business/vat-in-uae/uae-makes-new-vat-announcement-heres-how-it-affects-you">original article< id="header-25"/a> was published in Khaleej Times on September 10, 2019. < id="header-26"/em>< id="header-27"/strong>< id="header-28"/p>
