Hoteliers welcome UAE's VAT refund scheme for tourists

Hoteliers welcome UAE's VAT refund scheme for tourists
Published: 12 July 2018 - 4:32 a.m.
By: Sarakshi Rai

The UAE Cabinet has decided to implement the value added tax (VAT) refund system for tourists, and it is set to be introduced later this year.

According to a press statement cited by state news agency WAM, the new tax refund system supports the growth of the tourism sector in the UAE and maintain its position as a global destination for tourists.

"The system will be implemented beginning the fourth quarter of 2018 in cooperation with an international specialised company in tax recovery services," the statement said.

Hoteliers in the region have welcomed this initiative.

“Hilton welcomes the decision by the UAE government to refund the Value Added Tax (VAT) for tourists. This is yet another step that will not only continue to drive growth in the tourism and hospitality industry, but also boost the overall economy. With over 123 million passengers travelling through the UAE’s airports last year, the country is a thriving hub for tourists and, as one of the leading hospitality groups in the region, we strongly support this announcement that will make the UAE an even more attractive destination for visitors from across the world," said Rudi Jagesbacher, president, Middle East Africa, Hilton.


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