In an effort to boost tourism, the United Arab Emirates (UAE) on Monday, December 16, announced the launch of a new value-added tax (VAT) refund system for e-commerce purchases for tourists during their stay in the country, which is considered the world’s first of its kind.
This new system in collaboration with Planet, the authorised operator of the VAT refund system for tourists, aligns with FTA’s (Federal Tax Authority) plans to adopt ‘proactive solutions’.