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The UAE approves $871M in VAT refunds for citizens building homes, seeing a surge in applications.
The UAE has approved $871 million in VAT refunds for citizens building new homes up to June 2025, with over 38,000 applications since the program's launch eight years ago.
This represents a 22.7% increase in applications and a 25.7% increase in refund value from the previous year.
Additionally, the number of retail shops linked to the digital tax refund system for tourists grew to 18,410 by June 2025, and an e-commerce VAT refund platform for tourists was launched in December 2024.
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Los Emiratos Árabes Unidos aprueban 871 millones de dólares en reembolsos de IVA para los ciudadanos que construyen viviendas, viendo un aumento en las solicitudes.