Understand the UAE VAT implication for miners and Businesses involved in Crypto Currency Mining. Check out our latest blogs on tax and compliance:- Influencer License in Abu Dhabi Transfer Property Ownership in Dubai 7 Types of Dubai Free Zone Visas Blue Residency Visa UAE – 10-Year Residency Check Trade License Online UAE Read this Article

What is the VAT Refund Scheme for Tourists in the UAE? The VAT Refund Scheme for Tourists (“Tourists Refund Scheme”), available since November 18, 2018, allows Overseas Tourists to Claim Refunds on VAT paid on eligible goods purchased in the UAE. VAT Refund Scheme allows Overseas Tourists to purchase certain taxable goods in the UAE and obtain a VAT Refund provided the goods are exported and the purchases are validated at the point of exit. Refunds for export-validated tags can be claimed within 1 year from the date of validation. Who is eligible to participate in the Tourists Refund Scheme? Only Overseas Tourists are eligible to participate in the Tourists Refund Scheme. Overseas tourists must be 18 years old or older. Overseas Tourists must not be a Crew Member on a Flight or Cruise Ship Leaving the UAE. Overseas Tourists must not be Residents of the UAE or any other Implementing Country. GCC Nationals not residing in the UAE are also eligible. Check out our latest blogs on tax and compliance:- Influencer License in Abu Dhabi Transfer Property Ownership in Dubai 7 Types of Dubai Free Zone Visas Blue Residency Visa UAE – 10-Year Residency Check Trade License Online UAE Read more