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Wed 14 Nov 2018 04:41 PM

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4,500 retailers linked to UAE's tax refund for tourists scheme

Federal Tax Authority chief confirms that Tax Refunds for Tourists Scheme will launch on Sunday

4,500 retailers linked to UAE's tax refund for tourists scheme
Federal Tax Authority director general, Khalid Ali Al Bustani.

More than 4,500 retailers will be linked to the UAE's Tax Refunds for Tourists Scheme which will be launched on Sunday, a senior official said on Wednesday.

The Federal Tax Authority (FTA) announced that the digital system will be ready to issue and process VAT refund claims for eligible tourists at Abu Dhabi, Dubai and Sharjah International Airports.

The Authority also revealed that preparations are underway for phase two of the scheme, which goes into effect on December 16, 2018, allowing overseas tourists to claim refunds of taxes at all other UAE airports and land and sea ports that are taking part.

Federal Tax Authority director general, Khalid Ali Al Bustani, said that the number of retailers linked to the electronic system has exceeded 4,500 stores, adding that the number of targets is expected to rise next month.

Al Bustani said that there has been a "significant turnout" among retailers to register for the Tax Refunds for Tourists Scheme.

He added: "The FTA is keen to contribute to increasing tourism attractiveness, encouraging domestic trade and establishing the country as a central trading hub in the region."

He cautioned that only invoices issued by retailers who are registered for the scheme and connected to the system are eligible for a refund by tourists.

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