The UAE's Federal Tax Authority (FTA) has announced that it has started to implement the VAT Refunds for Business Visitors scheme.
In a press statement, the FTA announced that it is now receiving applications to refund VAT incurred by business visitors to the UAE in 2018.
It said that the VAT Refunds for Business Visitors procedure refunds taxes to business visitors who have no place of establishment in the UAE or another GCC state, are not registered for tax in the UAE and who are from a country that implements VAT and refunds VAT to UAE entities in similar circumstances.
The FTA has published a dedicated form for refunding VAT to business visitors on its website.
FTA director general, Khalid Ali Al Bustani, said that the new procedure complements efforts to establish the UAE as a global hub for trade and creates an investment-friendly environment.
The authority said that in respect 2018, it started accepting refund applications as of April 1 but the opening date for refund applications in future will be March 1.
The FTA added that the minimum claim amount of each VAT refund application submitted by business visitors is set at AED2,000.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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