Dubai: A new tax system has been announced for international imports in the UAE. Accordingly, international bills worth 10,000 dirhams and above will now have to pay tax. Accordingly, a fee of AED 150 will be charged for each commercial bill.
This new law comes into force in the United Arab Emirates from February 1. According to this, international bills totaling 10 thousand dirhams or more are subject to tax. It was decided to levy a tax of Dh150 on all commercial bills. The UAE Ministry of Foreign Affairs and International Cooperation has announced a new tax on imports from other countries. Individual imports, imports from Gulf Cooperation Council countries and goods shipped to free zones will be exempt. An exemption is also given to the import of goods or transit goods through the UAE, e-commerce, diplomatic institutions, the police, military, charitable associations and international organizations.
Meanwhile, bills of exchange for commercial goods imported from other countries must now be certified. The Ministry of External Affairs and International Cooperation has announced that an online system has been launched for such certification. This system is called the Electronic Document Attestation System or e-Das. The bill verification process can be completed in six minutes through built-in intelligence. Bills of such imported goods for commercial purposes are required to be certified online within fourteen days. Otherwise a fine of Dh500 will be imposed. Meanwhile, new duties have been imposed on personal deliveries from other countries to the UAE costing more than AED 300. This system is effective from January 1.
