VAT refund scheme for UAE tourists off to good start
Around 3,800 VAT refund transactions are already being carried on a daily basis.
That’s despite the scheme, which allows UAE tourists to reclaim the tax they paid while visiting the country, still being in its first phase after launching last month.
The average amount of refunds processed daily totals just over AED 925,000, while more than 6,900 retail stores are now linked to the scheme’s electronic system.
Officials say that the figures highlight the high level of efficiency at which the entire process is running.