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customs-alert-procedures-for-declaring-goods-consumed-within-free-zones-in-dubai.pdf

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📊 Size: 141 KB

👤 Author: KPMG

⬇️ Downloads: 29

Summary

Dubai Customs released Notice No.17/2020 on 22 October 2020, which distinguishes between goods consumed within free zones and those sold to the local market, and elaborates on customs duties application. Goods not subject to customs duties are those used and consumed within free zones for business purposes or involved in manufacturing, while goods subject to customs duties are those sold out of the free zone or consumed in the free zone for other purposes. The Notice implements changes, including differentiating treatment of goods based on utilization, requiring free zone companies to trace inventory, and introducing quarterly reporting. Free zone companies must follow customs procedures, including submitting a consumption goods declaration on a quarterly basis with required documents attached.

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Description

Dubai Customs released Notice No.17/2020 on 22 October 2020, which distinguishes between goods consumed within free zones and those sold to the local market,...

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File Format: PDF
File Size: 141 KB
Pages: 2
Language: EN
Author: KPMG
Total Downloads: 29
Last Updated: 1 week ago

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