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In the case of imports into UAE, the term 'Customs duty suspension' is frequently used. Let us understand customs duty suspension and the supplies to which it is applicable.
Customs duty suspension is an arrangement by which Customs duty will not be levied on certain imports. These goods which are under the customs duty suspension will also not attract import VAT.
The supplies which come under customs duty suspension are:
When an importer imports goods that are considered under customs duty suspension, the importer would be required to provide a financial guarantee equal to the value of VAT which would be due on import, before the goods are allowed to be considered under customs duty suspension.
To learn the process for submitting an e-guarantee, you can refer to our article 'Process to pay VAT through e-guarantee.
If the goods imported do not meet the conditions for customs duty suspension, they will be treated as imported into UAE and VAT will become due on the goods.
A detailed list of the goods which are exempted from import VAT is explained in our article 'Imports on which VAT will not be levied'. Both, the goods kept under customs duty suspension as well as goods exempted from import VAT are imports on which VAT is not levied. The key difference between the two is that on goods that are kept under customs duty suspension, customs duties will not be levied, whereas, on goods that are exempted from VAT, customs duties could be levied on import.
Hence, imports which are considered under customs duty suspension are not subject to import VAT and customs duties, provided the required conditions are met.
Read more about UAE VAT
UAE VAT Return, VAT in UAE, How Does VAT System Works, Frequently Used Terms in VAT, VAT Exempt Supplies in UAE, VAT Return Form 201, Tax Audit under VAT in UAE, Supply under UAE VAT, Supply of Goods and Services in UAE VAT, Input Tax Recovery under VAT in UAE, VAT Return Filing in UAE, VAT Return Filing Period in UAE, Tax Agent under UAE VAT
VAT Registration in UAE, How to link Tax Registration Number with Dubai Customs, How to Apply for VAT Registration in UAE, Is the Input VAT paid prior to Registration, claimable, Online Amendment or Change in Registration Details in UAE VAT, Tax Registration Number (TRN), VAT Registration Deadlines in UAE, Who Should Register under VAT, How to de-register or amend a Tax Group under VAT in UAE, How to de-register under VAT in UAE, How to Register as a Tax Agent under UAE VAT, How to register as Tax Agency
VAT Payment in UAE, How to Make VAT Payment using GIBAN, How to make VAT Payment to FTA in UAE, VAT Payment on Import of Goods in UAE, VAT Payment through e-guarantee in UAE, VAT payment on commercial property in FTA Portal, VAT payment on import in FTA portal
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