The UAE’s federal Tax authority has announced that the VAT refund for tourists will start from Nov 2018.
The FTA has appointed Planet as it’s exclusive tax refund operator for the tourist refund scheme. Planet is an international company, that has set up a special purpose vehicle for the operation and execution of this scheme in the UAE. The project will be executed by Planet along with a local partner.
The FTA has said that outlets and points of sales across the country will be connected for the tourist refund scheme.
Regarding procedures for tourist VAT refunds, the FTA has said that tourists need to have purchased goods from retailers registered in the system.
Designated spaces will be provided where tourists can easily reclaim taxes through an electronic system, without any human involvement. The digital system determines the taxes that are eligible for a refund and then reimburses tourists.