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VAT

News about VAT: events, facts and developments on tafs uz.

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UAE launches AI platform cutting tourist VAT refund time to one day

The UAE Federal Tax Authority, together with operator Planet, has introduced an artificial intelligence-based platform that reduces the tourist VAT refund period from nine days to one working day. According to FTA head Abdulaziz Al Mulla, this enhances the country's attractiveness as a destination for tourism and shopping.

2 min read

Directors and Producers Warn: 2027 Budget Project Threatens French Cinema with Loss of 400 Films Over Five Years

In a column published in Le Monde, renowned filmmakers including Jacques Audiard, Claire Denis, and Justine Triet warn that measures in the 2027 finance bill draft — cutting France Télévisions' budget, seizing €35 million from CNC, and doubling VAT for Canal+ — could deprive the industry of €750 million in funding and lead to a shortfall of approximately 80 films annually.

4 min read