- The UAE Federal Tax Authority has expanded VAT refund eligibility for UAE nationals building new homes, covering more construction-related expenses.
- The initiative is aligned with the Year of Family and aims to support family wellbeing, home ownership, and reduce financial burden on citizens.
- It is expected to save UAE nationals about AED 200 million in VAT, with average refunds of around AED 25,000 per claim; approved claims in 2026 may exceed AED 1 billion.
- The policy applies to refund claims submitted on or after 1 January 2026, and the FTA has updated its digital refund platform and will hold awareness sessions across the UAE.
Source: zawya.com
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.
Latest Posts in "United Arab Emirates"
- UAE Revises E-Invoicing Penalties and Caps Implementation Fines at AED 50,000
- UAE Tax Audits Rise as FTA Expands Data-Driven and Cross-Tax Reviews
- UAE Clarifies VAT Reverse Charge Requirements for Domestic Metal Scrap Transactions
- UAE Clarifies Different Free Zone and Designated Zone Definitions Across VAT, Excise and Corporate Tax
- UAE Tax Agent Guide: Hiring, Roles, and EmaraTax Linking
