कोशिश गोल्ड - मुक्त
FTA sees strong results from its digital VAT refund systems
Gulf Today
|July 21, 2025
The Federal Tax Authority (FTA) continues to see strong results from its digital VAT refund systems for eligible categories, maintaining high levels of accuracy and operational efficiency throughout 2025.
-
The FTA on Sunday revealed the results of these systems for the first half of the year, including the VAT refund system for new residences for UAE nationals and the VAT refund system for tourists.
The FTA announced that, since the launch of the service approximately eight years ago and up until June 2025, the total number of approved applications for VAT refunds related to new residences for UAE nationals reached approximately 38,000, amounting to a total value of Dhs3.2 billion.
This marks a significant increase from the 31,000 approved applications valued at Dhs2.54 billion by June 2024, reflecting a 22.748 growth in the number of applications and a 25.79% increase in the value of refunds within the past year.
The FTA also highlighted that more than 7,000 new applications for VAT refunds for UAE nationals building new residences were approved between June 2024 and June 2025, amounting to Dhs653.1 million. Furthermore, in the first half of 2025 alone, 3,097 new applications were approved, resulting in refunds totalling Dhs284.77 million.
यह कहानी Gulf Today के July 21, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Gulf Today से और कहानियाँ
Gulf Today
Pavlovic scores winner as resurgent Milan deny high-flying Roma top spot
Strahinja Pavlovic scored the only goal as AC Milan edged Roma IO to prevent the capital club from taking top spot in Serie A on Sunday, while Inter Milan needed a late own goal to beat Verona.
1 min
November 04, 2025
Gulf Today
Portrait exhibition by Emirates Fine Arts Society narrates the human story
Faces, the portrait exhibition by over 50 artists showing over 100 artworks under the theme 'One Human Story Unfolds' hosted by Emirates Fine Arts Society (EFAS) in its Sharjah headquarters and inaugurated on October 26, is a glorious example of how, as Tate UK explains, “portraits have always been more than just a record.
3 mins
November 04, 2025
Gulf Today
Jawaher strengthens child protection drive in Morocco
Her Highness Sheikha Jawaher Bint Mohammed Al Qasimi, Wife of the Ruler of Sharjah, Chairperson of the Khalid bin Sultan Al Qasimi Humanitarian Foundation (KSQF), and UNHCR Eminent Advocate for Refugee Children, has launched two initiatives in the Kingdom of Morocco to strengthen child protection frameworks and empower local communities. Led by KSQF, these projects aim to create safe and supportive environments for children facing social hardships, including refugee and migrant children, in a country that hosts refugees and asylum seekers from around 64 nations.
2 mins
November 04, 2025
Gulf Today
Punjab CM wants ban on wall chalking
Punjab Chief Minister Maryam Nawaz has directed authorities to enforce a strict ban on wall chalking across the province.
1 mins
November 04, 2025
Gulf Today
150,000 take shelter as typhoon rocks Philippines
More than 150,000 people took shelter in coastal provinces of the Philippines on Monday as powerful Typhoon Kalmaegi made landfall in a region hit by some of the country's deadliest storms.
1 mins
November 04, 2025
Gulf Today
Sonali Bendre returns with her podcast 'The Happy Pawdcast' for its 2nd season
Actress Sonali Bendre is returning with her podcast “The Happy Pawdcast” for its 2nd season. The new season promises a stellar lineup of guests.
2 mins
November 04, 2025
Gulf Today
Cash, liquor worth Rs1.08b seized ahead of polls: ECI
Ahead of the first phase of Bihar Assembly elections on Nov.6 and by-elections in seven states, the ECI said on Monday that flying squads have seized cash, liquor and freebies worth over Rs 108 crore (Rs1.08 billion) before these could be distributed in violation of the model code of conduct.
1 mins
November 04, 2025
Gulf Today
20 killed in bus-truck collision in Telangana
Twenty people were killed and several others injured in a collision between an RTC bus and a truck in Telangana’s Rangareddy district on Monday.
1 mins
November 04, 2025
Gulf Today
DMCC forecasts global tea market to near $300 billion by end of 2025
DMCC, the leading international business district thatdrivesthe flowof globaltradethrough Dubai, has projected the global tea market to grow from $289 billion to almost $300 billion by the end of 2095, buoyed by climate-smart production, traceable supply chains and asurge in higher-margin categories such as premium, organic, functional, and ready-to-drink teas.
2 mins
November 04, 2025
Gulf Today
Rybakina downs Swiatek in WTA Finals to extend winning streak, Pegula beats defending champion Gauff
Elena Rybakina extended her winning streak to eight consecutive matches with an impressive 3-6, 6-1, 6-0 victory over second-seeded Iga Swiatek in round-robin play at the WTA Finals in Riyadh on Monday.
3 mins
November 04, 2025
Listen
Translate
Change font size
