How fast is Refunds growing?

A refund is the repayment of money, typically to a customer, due to dissatisfaction with purchased goods or services, or for an overpayment. It's a common aspect of modern commerce, driven by consumer protection laws and business practices aimed at fostering customer satisfaction. Refunds can also refer to a reimbursement from a government for taxes paid above the amount that was due. The concept is currently trending, particularly in Saudi Arabia, which has introduced a new VAT refund policy for international tourists and GCC nationals to enhance the tourist experience and boost retail tourism, as part of its Vision 2030.