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The scheme will launch on Sunday with 4,500 participating stores

Tourists will need to be over 18 years old and have spent a minimum of Dh250 to be eligible for a refund

 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.

Alya Al Marzooqi Auditing  provide VAT (Value added Tax) Advisory Services in UAE providing clients with a wide range of TAX Services in UAE with accordance to the client’s business needs. VAT Experts at Alya Al Marzooqi Auditing are committed to provide the best VAT Advisory Service in the UAE to the clients in compliance with the rules and regulations of VAT in the UAE having their international experience in Taxation. The Tax Team at Alya Al Marzooqi Auditing are professionally equipped with relevant industry experience from different ends .

 
courtesy to Gulf News
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