The federal Tax authority has recently issued Decision 4 of 2022 for Setting the Time Limit for Claiming Refund of VAT by Tourists. Following are the key points of the decision.

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• One year time limit has been set up for tourists to claim the refund of Value Added Tax through bank card or by cash, from the date of verification of the refund request.

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• If Tourist does not claim the VAT refund within in one year in such that case operator of the Tax Refunds for Tourist Scheme has to deposit the unclaimed amount to FTA within 1 month from expiration of the time limit of 1 year.

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• This decision will be effective from 1st June 2022.

Please note that this memo is for information purposes only and should not be construed as an advice. It does not necessarily cover every aspect of the topics with which it deals. You should not act upon the contents of this alert without receiving formal advice on your particular circumstances.

If you would like to discuss Tax & VAT services, please drop us an email at info@premier-brains.com or call us at + 971 4 3542959.

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