Picture for illustration purposes only.
PHOTO BY ARCHIVE
DUBAI – Value Added Tax (VAT) cash refunds in the UAE have been capped at Dh7,000 per day in a new decision announced by the Federal Tax Authority (FTA) chairman on Sunday (July 7).
Sheikh Hamdan bin Rashid, Deputy Ruler of Dubai, Minister of Finance and chairman of the FTA, said that the move is aimed at reducing the amount of cash transactions in the UAE.
Tourists applying through the Tax Refunds for Tourists Scheme will get a maximum refund of Dh7,000 per day.
Refunds can be reclaimed in cash at airport counters or in self-service kiosks where money can be refunded on their credit cards. ICA/Expat Media
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