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The UAE Cabinet has decided to adopt the VAT refund system for tourists, which includes integrated systems for the direct link between the outlets and the shops with the collection system at the Scale of the fourth quarter of this year. This decision is part of the growth of the country's tourism sector and strengthens its position of destination and global destination for tourists: the VAT refund system, 5% of the value of taxable purchases for tourists, will be put implemented in cooperation with an international institution specialized in reimbursement services.
The statement indicates that this measure supports the Government's efforts to implement the tax system effectively in the country, in accordance with the highest levels of readiness and the highest international standards in this area.
The tourism sector contributes directly to the local economy The number of passengers traveling through UAE airports reached 123 million passengers in 2017. The total share of the tourism sector in GDP reached 11.3% in 2017, or 154.1 billion dirhams. // $ (& # 39; modal & # 39;). on (hide.bs.modal & # 39 ;, function () {
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