VAT Alert - July & August 2019

Value Added Tax (‘VAT’)

1. Decision (1) of 2019 on Maximum Amount of Cash Refunds Under Tourist Refund Scheme 

A new decision effective from the 1^st of June 2019 has been released on the maximum amount of cash VAT refunds allowed under the Tourist Refund Scheme (‘TRS’)

According to this, the cash VAT refund shall be limited to a maximum of AED 7,000 per Overseas Tourist per 24 hours.

The Decision can be accessed here

1. Designated Zones

With effect from the 4^th of July 2019, the list of designated zones has been updated and three new free zones have been added to the list.

The free zones are located in Ras Al Khaimah and are as mentioned below:

• Al Hamra Industrial Zone