UAE FTA releases guidance on VAT import declarations
The Federal Tax Authority (FTA) has released new guidance on Value Added Tax (VAT) import declarations. This document is especially helpful in setting out and resolving any misunderstandings associated with the import process.
The VAT import declaration user guide is intended to help taxable persons understand the process for declaring goods at Customs, completing VAT declaration forms, and providing the necessary information to Customs to validate the import declaration and VAT due.
It also addresses circumstances where the importer is not a taxable person, but may need to make a payment of VAT in order to clear goods through Customs.
The guide includes sections on different scenarios businesses might face, such as importing taxable goods into the UAE mainland, importing and then exporting goods to another country, and importing goods into a VAT Designated Zone (DZ).
Of particular importance is the specific practicalities of transferring goods from one DZ to another DZ subject to an e-Guarantee, which may also require the creation of an e-services account.