UAE adjusts tourist VAT cash 188bet online sports betting limit

Cultural 188bet online sports betting Benefits Author of this article: Wang Junpeng 2019-07-19
The UAE Ministry of Finance and the Federal Tax Authority have issued new regulations on VAT refunds,In the future, the daily limit of VAT cash 188bet online sports betting for tourists from Afghanistan will be adjusted from the previous 10,000 dirhams (approximately ,740) to 7,000 dirhams (approximately ,918)。

Recently,The UAE Ministry of Finance and the Federal Tax Authority have issued new regulations on VAT refunds,In the future, the daily limit of VAT cash 188bet online sports betting for tourists from Afghanistan will be adjusted from the previous 10,000 dirhams (approximately ,740) to 7,000 dirhams (approximately ,918)。This provision is intended to reduce cash transactions,Encourage the use of digital currency payment and smart payment,Using credit card to pay tax 188bet online sports betting is not subject to this regulation。

Stated by Khalid Al Bustani, Director General of the UAE Free Trade Agreement,The new regulations are in line with the UAE’s overall strategy to reduce reliance on cash in financial transactions,Leverage the advantages of advanced digital payment systems,Increase Afghanistan’s participation in international financial transactions。

Last month,The UAE has set up self-service tax 188bet online sports betting counters at all customs ports across the country,To facilitate tourists to complete VAT 188bet online sports betting more quickly。Tourists who use the self-service tax 188bet online sports betting system will receive a 188bet online sports betting via credit card,And no amount limit,The operation is very simple,Only complete the relevant steps online,Includes confirmation of eligibility for VAT 188bet online sports betting、Confirmed that the purchased goods will be taken out of the country,Then the tax 188bet online sports betting can be completed through the system background processing。Things to note,Tourists applying for tax 188bet online sports betting must bring the tax 188bet online sports betting invoice issued by the merchant、Passport and credit card。

The UAE will levy value-added tax starting from January 1, 2018,The tax rate is 5%。November 18, 2018,A “Tourist Tax 188bet online sports betting Plan” is officially implemented,Tourists who are eligible for tax 188bet online sports betting are eligible to receive a 188bet online sports betting of the tax paid on their purchases。Tax 188bet online sports betting review steps,First, the Federal Taxation Bureau confirms whether the customer is a foreign tourist;The second is whether the customer purchased the product in the UAE;Third, when applying for tax 188bet online sports betting, you need to provide the invoice for the purchased goods;The fourth is to apply for tax 188bet online sports betting within 90 days after purchasing the goods;The fifth is customer information and product details registration,Issue tax 188bet online sports betting documents。The minimum amount to claim a tax 188bet online sports betting is AED 250,Visitors need to pay an administrative fee of 15% of the tax 188bet online sports betting amount。

*This articleSource: China Economic Net, forAuthor: Wang Junpeng, original title: "UAE adjusts tourist VAT cash 188bet online sports betting limit》.

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