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The scheme will launch on Sunday with 4,500 participating stores
From November 18, tourists will be able to begin claiming refunds on the tax they pay in over 4,500 retail stores throughout the country, the Federal Tax Authority (FTA) said Wednesday.
The UAE has issued a decision on its tax refunds for tourists scheme, setting out the implementation dates for phases one and two, the procedures for the verification of tourists’ eligibility, the fees charged for refunds and their application, the maximum cash recovery, and the goods excluded from the refund.
The Decision No. (2) of 2018, issued by Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance, and Chairman of the Board of the Federal Tax Authority (FTA), comprises of seven clauses and stipulates that Value Added Tax (VAT) refund claims shall be provided by retailers participating in the tax refunds for tourists scheme as of November 18, 2018. An overseas tourist may get a refund of the VAT at the Abu Dhabi, Dubai, and Sharjah International Airports as of next Sunday. The overseas tourist may also recover the VAT at the other airports and land and seaports in the UAE as of December 16, 2018.
A private tax company selected to operate the refund system, said at a news conference that they hoped to total 6,000 stores by the end of 2018, and have as many as 10,000 retailers taking part by early 2019.
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courtesy to Gulf News
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