VAT Refunds Available for Business Visitors to the UAE

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Dubai: The introduction of Value Added Tax (VAT) in the UAE in January 2018 marked a significant shift in the country’s tax framework, aimed at diversifying its economy. For international businesses visiting the UAE for purposes such as conferences, exhibitions, or other professional engagements, there is a valuable opportunity to recover VAT on eligible expenses.

The Federal Tax Authority (FTA) has established the ‘Business Visitor Refund Scheme,’ which allows foreign companies to claim refunds on VAT paid during their stay. This initiative not only helps reduce operational costs but also encourages more businesses to engage with the UAE market.

To successfully reclaim VAT, it’s essential for companies to keep thorough records of all business-related purchases made in the UAE. Retaining original receipts is crucial, as these documents are required when applying for the refund.

By taking advantage of this scheme, businesses can enhance their financial strategies while exploring the dynamic opportunities that the UAE offers as a global business hub.