The Board of Directors of the Federal Tax Authority, chaired by His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Chairman of the Board of Directors, yesterday, adopted procedures to facilitate the recovery of citizens of the value-added tax paid by them for the construction of their new housing, stressing that it coordinated with the concerned bodies Housing in the state, to ease the audit requirements on redemption requests.
The Council also adopted a resolution allowing tourists to receive cash tax amounts due to them, within one year from the date of departure from the UAE.
Tax compliance
In its 10th meeting, chaired by HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Chairman of the Board, the Federal Tax Authority (FTA) held a comprehensive report on the results and achievements of the FTA's operations. The last period showed a noticeable increase in the levels of tax compliance in the country, increasing the number of VAT registrars to more than 311.4 thousand registrations of companies, individuals and tax groups, while the number of registrars for selective tax reached 754 registrars, and the number of accredited tax agents 305 and both .
Tax refund
The Council adopted measures to facilitate the recovery of citizens' VAT, paid by them for the construction of their new homes.
The Authority explained that it is applying tax legislation that reflects the government's directions to ensure the welfare of the citizen.Therefore, clear standards and mechanisms have been provided that are transparent, to facilitate the recovery of VAT on the construction of new housing for citizens, to simplify and accelerate the steps of recovery for citizens, who meet the legal conditions of the tax from Through the Authority's website.
She added that she coordinated with the concerned bodies to finance housing in the State, to ease the requirements for scrutiny of requests for redemption submitted by citizens, based on the authorities concerned, in cooperation with the Authority, to provide the necessary assurances to support requests for redemption.
Tax for tourists
The Authority's Board of Directors has also adopted a resolution allowing tourists who meet the conditions eligible for VAT to be paid for their purchases, to receive the cash tax amounts due to them within one year from the date of departure of the UAE, in case they are unable to redeem immediately before departure. They have completed the redemption procedure before departure. The Council also approved the draft budget of the Authority for 2020, in preparation for submission to the Council of Ministers for approval, and adopted a number of executive decisions related to the internal organizational and administrative policies of the Authority and its operational activities.
Significant improvement
His Highness Sheikh Hamdan bin Rashid Al Maktoum said that the reports reviewed during the meeting showed a continuous improvement in the performance of the Authority in all its activities, and a qualitative improvement in the level of services provided to customers, which is characterized by keenness on the happiness of customers from all categories of citizens, residents, visitors and tourists. Prompt to their requirements, in line with the best standards.
His Highness said: «Federal Tax Authority has been able, during the past period, to establish strong cooperative relations with the concerned authorities to implement the tax system in the public and private sectors, which enabled it to play its role, to contribute to the implementation of policies to diversify the national economy, through the management and collection of taxes He pointed out that the Authority has stepped up its efforts to provide support to enable taxpayers to comply voluntarily with smooth and flexible mechanisms and the highest standards of transparency and accuracy.
His Highness added: “The Authority is keen to review its executive procedures for tax legislation on a continuous basis to achieve the highest levels of efficiency in performance, and simplify procedures for customers, to meet the aspirations of citizens and residents. , Which will be applied during the coming period, to those who meet the legal conditions for the recovery of the tax, reflecting the government's orientation to achieve the highest levels of welfare for citizens ».
Development plans
His Highness Sheikh Hamdan bin Rashid said: “The plans for the development of the Authority's systems have witnessed achievements in all areas. The business sectors concerned to complete the registration of the system without hindrance, and the electronic system of tax refund for tourists is constantly developing, and has received good satisfaction rates from tourists using it ».
His Highness stressed that the next phase will witness further development plans and modernization of tax systems and procedures, to continuously improve the quality of services provided by the Authority.
Accreditation of 1100 applications for citizens
The statistical data, reviewed by the Council, showed that more than 1,100 applications were approved by citizens until November. 4 months Approval of 537 new applications worth AED 29.35 million.
10.8 thousand stores
The number of retail stores linked to the tax refund system for tourists exceeded 10.8 thousand stores across the country, and the average daily number of tax refund transactions for tourists is more than 3740 transactions completed daily, according to the tax refund stickers issued by the online retail stores.
The number of self-service VAT refunds for tourists leaving the country rose to 45 at the outlets of tourism, including 33 at the airports, seven at sea, and five at the land, compared to 29 in July, a growth of 55.2%. .
- Adoption of a resolution allowing tourists to receive cash tax amounts due to them;
Within one year of the date of departure from the UAE.