FTA Achieves AED2.9 Billion VAT Refund for 35,000 UAE Nationals

• FTA applies VAT refund of AED2.9 billion for 35,000 UAE Nationals
• Digital VAT refund systems for UAE nationals and tourists achieved outstanding results in 2024
• 34,900 UAE nationals received VAT refunds for construction of new residences
• Number of approved applications for VAT refunds increased annually
• Number of retail outlets linked to VAT refund system for tourists increased to 17,847 in 2024
• FTA aims to increase number of self-service kiosks for tourists to finalize tax refund procedures
• 97 self-service kiosks for tax refunds for tourists by end of 2024, up from 82 in 2023

Source: wam.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.

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