FTA approves 27,330 refund requests totalling AED2.02 billion for UAE nationals building new residences until 2023

FTA approves 27,330 refund requests totalling AED2.02 billion for UAE nationals building new residences until 2023
The Federal Tax Authority (FTA) has reported a significant increase in the number of individuals who have benefited from the value-added tax (VAT) refund service for UAE nationals building new residences. The FTA stated that from the beginning of the service in 2018 until the end of last year, over