Any registered entity importing, producing or storing excisable goods can suspend/defer the payment of tax by preserving the goods in an excisable Designated Zone. A Designated Zone shall be treated as being outside the UAE for Excise Tax purposes. Designated Zones refer to ‘any fenced area intended to be a Free Zone that cannot be entered or exited except through a designated road and any area designated by the FTA as being subject to the supervision of a Warehouse Keeper’.
When a person registers as a Warehouse Keeper, they must also complete a Designated Zone registration. During the process of approval of a new Designated Zone, the FTA may specify certain conditions over the
operation of the Designated Zone including the level of physical security required, the type of access which may be granted into Designated Zones, the checks Warehouse Keeper is required to make, etc.
Businesses dealing with excise goods can use Registered Designated Zones to defer the payment of Excise Tax until the goods are taken out of or consumed within the Designated Zone. Specific provisions have been defined for Designated Zones by the authority.
Our team of experts can assist in the Registration of Warehouse keepers & Designated Zones. Our team will guide you through the process by answering all your queries coming in the process. Businesses can leverage our expertise and experience to take advantage of the concessions in Excise Laws in the Designated Zones ae we Specialised in all forms of excise legislation.
The Tax Registration number is a unique identifier assigned to businesses by the UAE government. This number is required for businesses to file their taxes and to open a bank account in the UAE.
If you are starting a business in the UAE, you will need to obtain a Tax Registration number from UAE government. You can do this by registering your business with the UAE Chamber of Commerce or by applying for a trade license from the UAE Department of Economic Development.
Once you have obtained your Tax Registration number, you will be able to file your taxes and open a bank account for your business.
A tax registration number is a unique number assigned to a business by the tax authority in the United Arab Emirates. This number is used for the purpose of taxation and is required for businesses to file their taxes.
The tax registration number can be found on the tax registration certificate, which is issued by the tax authority. Businesses are required to keep this certificate in their records and make it available to the tax authority upon request.
The tax registration number is also required on invoices issued by businesses to their customers. This helps the customers identify the businesses they are dealing with and ensures that the businesses are complying with the tax laws of the UAE.
businesses are required to display their tax registration number on their premises and in their advertising material. This helps the tax authority to identify businesses that are operating in the UAE and to keep track of their taxes.
Forthright Consultancy provides a full range of company formation and business registration services in the UAE. We can help you to obtain your Tax Registration number in UAE, which is a requirement for all businesses in the UAE.
We can also provide assistance with other company formation procedures, such as opening a bank account and obtaining a trade license. Contact us today to get started on setting up your business in the UAE.
Forthright Consultancy provides Tax Registration number in UAE. We provide full support to our clients in terms of bookkeeping, auditing, and tax filing. We ensure that our clients are updated with the latest changes in the tax laws of UAE and provide them with the required guidance to stay compliant. Our team of experts are always available to address any queries or concerns that our clients may have.
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