FTA releases Public clarification EXP005 on "Renewal of Designated Zone Registrations"  

AlinaAlina    03 March 2020
FTA  releases Public clarification EXP005 on

The UAE's Federal Tax Authority (FTA) has  published a public clarification EXP005 for renewal of designated zone registrations for excise tax purposes. The Designated Zone registration is for 12 months which needs to be renewed annually. FTA has clarified that the warehouse keeper must follow the below process  in order to maintain Designated Zone status:
 
•    Ascertain the registration expiry date;
•    Submit the renewal form before 30 days prior to the expiry date;
•    Pay renewal fees of AED 2,000 within 20 days from the expiry date.

Read the Clarification here:  EXP005 on "Renewal of Designated Zone Registrations"  



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