Picture for illustration purposes only.
PHOTO BY ARCHIVE
ABU DHABI – Tourists who pay value added tax (VAT) on purchases in the UAE will soon be able to get a refund after the UAE Cabinet approved a VAT refund system.
According to a press statement on Wednesday, non-resident tourists may refund VAT on purchases made at participating retailers.
VAT refund only applies to goods not exempt from the tax system, and through designated refund outlets.
The system will be implemented beginning in the fourth quarter of 2018 in cooperation with an international specialised company in tax recovery services, according to the statement.
The VAT refund system for tourists will integrate between retail outlets with tax refund points.
The move is in line with the government’s efforts to achieve the efficient implementation of the tax system in the UAE, according to a press statement. JHQ/Expat Media
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