- 11 Jun, 2019
Tourists to recover VAT through self-service kiosks
Self-service kiosks have been set up across all the ports included in the Tax Refunds for Tourists Scheme in order to allow tourists to recover Value Added Tax, VAT, when leaving the UAE. The kiosks are operated by Planet, the company enlisted by the Federal Tax Authority, FTA, to operate the system for the Tax Refunds for Tourists Scheme. "The kiosks are signif...More...
- 03 Jun, 2019
UAE’s VAT collections exceeds expectations by a wide margin in 2018
UAE residents paid Dh27 billion in value-added tax (VAT) last year, surpassing the government's target of collecting of Dh12 billion, an increase of 125 per cent. It even surpassed the goal of Dh20 billion VAT revenue collections for 2019. The total VAT collection was also close to the UAE's nine-month of surplus, which stood at Dh28 billion during the January-Sept...More...
- 30 May, 2019
UAE Cabinet approves VAT revenues distribution between federal and local governments
The UAE Cabinet has approved distribution of the value-added tax (VAT) revenues totalled approximately AED27 billion between the federal and local government. According to the decision 30 percent of the revenue will go to the federal government, and 70 percent to the local governments. The decision ensures the sustainability and the quality of government service...More...