Getting on the sustainable route is an important initiative that UAE aims to achieve. By converting many resources paperless and reducing its carbon footprint UAE is at the forefront of the mission. Recent action by the country was another marvellous step. UAE has become the first nation to go paperless in terms of tax refunds. The news came into action on Wednesday.
UAE Introduces Paperless Tax Refund
As a result of the system’s connection to retailers, all receipts will be electronically created. Visitors will no longer need to carry hard copies of their transaction records to be eligible for a VAT refund. UAE has again made its mark and stood first to achieve this milestone.
View this post on Instagram
More than 3.5 million printed invoices will replace the digital ones. It saves businesses up to five minutes per client compared to generating receipts. It also removes the possibility of human error. This system will save more than 16,800 trees annually and over 4,200 tonnes of emissions of carbon dioxide reduction.
Customers can finish a transaction, get a digital invoice, and share it with Planet Tax-Free. For purchases made at a variety of hotels, malls, and other retail sites, the e – tax system is incorporated. For an easy, quick, and hassle-free experience when leaving the UAE, visitors can use one of the 100 self-service kiosks located at departure ports.
Also Read: Dubai Influencers To Now Declare Free Gifts And Stays To UAE Tax Authorities
Tourist Can Access Their VAT Refund Online
UAE’s Federal Tax Authority (FTA) quoted that the tourist VAT refund transactions doubled during 2022. Majorly, tourists face the issue to receive a tax refund.
Value-added tax (VAT) of 5% was implemented in the UAE in 2018. And travellers can get their VAT back on purchases made at participating stores when they depart the country.
To be eligible for a VAT rebate, visitors must spend at least Dh250. In addition, there are numerous kiosks located around the nation where visitors can request a refund.
Also Read: How To Claim Tourist VAT Refunds In UAE