Company temporarily exports goods outside UAE. Such temporary export may be for the purpose of exhibition, auction or display, etc. At the time of export, Company files export declaration which specifically states that goods are temporarily exported along-with other official and commercial evidence. Subsequent to exhibition, auction, display, etc. such goods are re-imported in UAE by filing required documentation. On such re-importation, import duty is not paid and the given transaction is not getting auto-populated under Box 6 of the VAT return.
Source: gccfintax.com
Latest Posts in "United Arab Emirates"
- UAE Implements Continuous Transaction Control for B2B E-Invoices
- UAE’s Digital Tourist Tax Refund Scheme Connects 19,000 Retail Stores by End of 2025
- Profit Margin Scheme for VAT: Guide for Reselling Used Goods, Antiques, and Collectors’ Items
- UAE FTA Issues VAT Guide on Profit Margin Scheme for Second-Hand and Eligible Goods
- UAE Implements Reverse Charge Mechanism for Domestic Metal Scrap Trading from January 2026
