Dubai Customs Issues Guidance on Duty Exemptions for Goods in 'Free Zones'
Dubai’s customs authority recently issued guidance for declaration procedures for goods consumed within “free zones,” KPMG said in a Nov. 9 post. The guidance outlines the differences between goods consumed in the free zones and goods sold within other markets…
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in the United Arab Emirates, including when customs duties apply. KPMG said certain goods are not subject to duties if they are used and consumed within the free zones “for the purpose” of “enabling businesses to carry out their activity,” while goods sold out of the free zones and introduced in the domestic market are subject to the duties. Dubai’s guidance also “explicitly sets forth an obligation” for free zone companies to “trace their inventory” and introduces a new quarterly reporting requirement for compliance.