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UAE: VAT Reclaim Scheme Introduced in Bid to Boost Tourism Sector

As of October this year, non-resident tourists will be entitled to reclaim the VAT on purchases made at certain government-designated retail outlets. The move is seen as a bid to both boost the tourism sector and to drive overall retail sales following the decision to introduce VAT for the first time in the country’s history – at a flat rate of 5% – back in January this year.

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