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Sharjah24
Source: Sharjah24
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Source: Sharjah24
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The Federal Tax Authority has launched a new initiative to expand the scope of VAT refunds for building citizens' homes. This allows for additional VAT refunds on various payments related to the components of the new residence. The initiative is expected to save approximately 200 million dirhams for over 8,000 citizens, with the number of claims anticipated to exceed one billion dirhams by 2026, thereby supporting homeownership and easing financial burdens.
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