Arabian Business, Wednesday, Sep 11, 2019 | Muharram 12, 1441
UAE's Federal Tax Authority issues warning over VAT scam
The UAE's Federal Tax Authority on Tuesday issued a warning after
reports of scammers trying to target bank customers over VAT refunds.
In response to reports that some bank customers have received emails from
unidentified sources impersonating banks and financial institutions requesting
personal data in the promise of helping them claim VAT refunds, the FTA
reaffirmed that they can only be processed through its official website.
The authority said that some recipients have been asked to provide personal
data, including names, credit card numbers, and PIN codes, claiming that
providing the information will allow them to recover VAT.
"Refunding taxes for legally eligible applicants is a direct transaction between
the registered business and the FTA, and does not call for any intermediaries,"
it said in a statement.
"The process is completed via advanced electronic systems, available on the
FTA’s official website, which include security features for financial
transactions. It is done through official channels using the International Bank
Account Number (IBAN), and via systems under the authority of – and
electronically linked to – the UAE Central Bank."
The FTA warned all registered businesses, calling on them to remain vigilant and
maintain the confidentiality of their personal data.