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UAE's Federal Tax Authority issues warning about VAT scam

Refunding taxes 'is a direct transaction between the registered business and FTA', authority spokesperson says

The UAE's FTA has issued a VAT-related reminder.
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The UAE's FTA has issued a VAT-related reminder.

In response to reports that some bank customers had received emails from unidentified sources or scammers impersonating financial institutions and requesting personal data for claiming value-added tax (VAT) returns, the UAE's Federal Tax Authority (FTA) issued a reminder that tax refunds were to be processed exclusively through its official website.

According to a report by the UAE’s state news agency, Wam, an FTA spokesperson said: “Refunding taxes for legally eligible applicants is a direct transaction between the registered business and FTA, and does not call for any intermediaries.

“The process is completed via advanced electronic systems, available on the FTAs official website, which include security features for financial transactions. It is done through official channels using the International Bank Account Number (Iban), and through systems under the authority of – and electronically linked to – UAE Central Bank.”

Reiterating its warning to all registered businesses, the authority also implored them to remain vigilant, and stressed on its website’s “accuracy, confidentiality, and data security, in addition to being inaccessible via email or any other medium prone to hacking”. 

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Construction Week - Issue 753
Nov 09, 2019