UAE Cabinet approves VAT refund for tourists starting Q4 2018

Wed 11-07-2018 13:15 PM

ABU DHABI, 11th July, 2018 (WAM) — The UAE Cabinet has adopted a decision to implement the value added tax refund system for tourists, which will integrate between retail outlets with tax refund points in line with the government’s efforts to achieve the efficient implementation of the tax system in the UAE.

According to a press statement, the new tax refund system supports the growth of the tourism sector in the UAE and maintain its position as a global destination for tourists. “The system will be implemented beginning the fourth quarter of 2018 in cooperation with an international specialised company in tax recovery services,” it added.

Non-resident tourists may refund VAT on purchases made at participating retailers, provided that such goods are not exempt from the tax system, through designated refund outlets.

The tourism sector contributes directly to the local economy. The number of passengers through the UAE’s airports reached 123 million passengers in 207, and the total contribution of the tourism sector to the country’s GDP reached 11.3 percent in 2017, equivalent to AED154.1 billion.

WAM/Nour Salman/Rasha Abubaker

Avatar

WAM

About Author

In November 1976, the United Arab Emirates agreed to set up the Emirates News Agency, WAM, to communicate news and information about the nascent state. On 18th June, 1977, WAM began to fullfil its professional mandate by transmitting UAE news to the rest of the world, covering all aspects of its political, economic and social development. The data on this website is federated through WAM.AE RSS Feeds. This website is not affiliated with WAM and you are requested to always view the latest articles and updates directly from the source website.

You may also like

ADFF Introduces New Award for Environmental Films

  • Sep 09, 2011
WAM Abu Dhabi, Sept. 6th, 2011 (WAM) -- The Abu Dhabi Film Festival (ADFF), organized by Abu Dhabi Authority for

DCL analyzes thousands of food and environmental samples

  • Sep 09, 2011
Tue 06-09-2011 22:08 PM WAM Dubai, Sept. 6th, 2011 (WAM) -- Food and Environment Laboratory Section of Dubai Central Laboratory