All Warehouse Keepers (and persons intending to register as Warehouse Keepers) are required to provide a financial guarantee for each Designated Zone the Warehouse Keeper is responsible for.
The amount of the required guarantee is determined by the Federal Tax Authority (“FTA”).
The FTA wants to acknowledge Warehouse Keepers with good governance of their tax affairs by reducing the amount of the required financial guarantee based on the Warehouse Keeper’s and the Taxable Person’s compliance history.
Source FTA
Latest Posts in "United Arab Emirates"
- UAE Introduces Penalties for Non-Compliance With New E-Invoicing Rules Starting 2027
- UAE Sets New E-Invoicing Rules, Penalties, and Approves First Accredited Service Providers
- UAE E-Invoicing 2026: Key Facts, Compliance Steps, and VAT Requirements for Businesses
- UAE Launches Electronic Invoicing System to Modernize VAT and Enhance Tax Transparency
- VAT Obligations and Tourist Refund Scheme for Retailers in the UAE
