307,000 UAE businesses registered for VAT


More than 307,000 business and groups across the UAE have registered for VAT.

That's according to the Federal Tax Authority (FTA), which says the system has started achieving many of its main objectives including diversifying the country’s resources.

They revealed that the number of retail outlets linked to the Tax Refunds for Tourists Scheme has exceeded 10,000 stores.

The FTA says the number of tax refund applications processed per day has doubled to more than 7,500.

The figures were revealed by Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, and Chairman of the Federal Tax Authority (FTA) at the 9th meeting of the Board of Directors of the FTA at the headquarters of the Ministry of Finance in Dubai. 

More from Business

Coming Up on Dubai Eye

  • The Best of Dubai Eye 103.8

    6:00am - 10:00am

    Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.

  • Farmer's Kitchen

    10:00am - 11:00am

    Helen Farmer's teamed up with Spinneys to bring you amazing dishes to cook at home using ingredients from the stores. Listen to Farmer's Kitchen and learn how to recreate recipes made by top UAE chefs.

On Dubai Eye

Business Breakfast