- UAE introduces VAT refund system for tourists making online purchases
- Federal Tax Authority announces the initiative to boost tourism and e-commerce
- New system allows VAT refunds on both in-store and online purchases
- Refund process is now fully digital, replacing the old paper-based system
- Tourists verify their eligibility digitally at the time of online purchase
- Refunds are processed automatically via registered platforms when tourists exit the country
- System aims to position UAE as a leader in digital innovation and tourism
- UAE Tourism Council reports 14.36 million international tourists in 2023, with expectations to exceed 20 million by 2025
- UAE e-commerce market projected to reach 17 billion USD by 2025
- Digital VAT refund system has improved processing times by 90% and increased customer satisfaction
- Registered e-stores can attract more customers by participating in the VAT refund system
- Tourists benefit from greater convenience and streamlined refund processes
Source: nrdoshi.ae
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
