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The Federal Tax Authority (“FTA”) has issued a new version of the VAT Import Declaration User Guide. The updates to the guide are mainly editorial in nature.
The FTA has also updated the Warehouse Keeper and Designated Zone User Guide for excise tax. The key change was that the designated zone registration must be renewed annually in order to preserve the designated zone status. A fee of AED 2,000 is payable for the renewal.
Importers, warehouse keepers and companies in designated zones should continuously ensure that they remain compliant with VAT import procedures and excise tax related rules as prescribed by the FTA.
Al Tamimi & Company can assist you with the following:
In the KSA, the latest tax developments include the following:
Please click here to read more about the latest KSA tax developments.
Al Tamimi has a strong regional tax practice with local tax expertise in the UAE, and the team are well placed to advise you on relation to your corporate tax, VAT, excise tax and customs issues.
Please do not hesitate to contact Al Tamimi’s Tax Team if you require any assistance.
Disclaimer: This chat service should not be relied upon as a substitute for professional advice which takes account of your specific circumstances and any changes in the law and practice. No warranty is made as to the accuracy or completeness of the information provided via this service and no liability is accepted by Al Tamimi & Company Limited, its affiliates, partners or employees for any loss arising as a result of reliance upon the information provided.
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