2.83 million tax refunds processed in UAE

Supplied

A total of 2.83 million tax refund applications have been processed in the UAE.

According to the Federal Tax Authority, the average daily number of applications processed is 7,730 at the moment. 

The number of self-service kiosks for refunding taxes has also grown by 55.2 per cent, with 45 kiosks located across the country and more than 12,000 outlets connected to the system. 

The electronic system was launched in November 2018, making the UAE one of the first countries in the world to implement such a system.  

More from Business

  • Air Arabia expands RAK network with Moscow route

    Air Arabia has announced the expansion of operations from Ras Al Khaimah with the launch of a new route connecting Ras Al Khaimah International Airport with Moscow Domodedovo International Airport.

  • UAE holds 30% of Middle Eastern cinema market share

    The UAE Media Council has announced that the cinema sector generated AED 517 million in revenue during the first eight months of this year, attracting around 11 million cinema visits.

  • Vietnam says Musk's SpaceX plans $1.5b Starlink investment

    Elon Musk's SpaceX plans to invest $1.5 billion (AED 5.5 billion) in Vietnam in the near future, the government of the Communist-run nation said on Thursday, which could help resolve a stalemate over the launch of its Starlink satellite services there.

  • UAE, New Zealand conclude CEPA negotiations

    The UAE and New Zealand concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA), it was announced on Thursday. The deal is expected to unlock economic opportunities for exporters and boost supply chains with one of the latter's most important trading partners in the Middle East.

  • Boeing, striking union to resume contract talks on Friday

    Boeing and its largest union will resume contract talks on Friday in a bid to end a strike that has throttled plane production and hammered the finances of the aerospace giant, the union and company said on Wednesday.