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"
- Webinar: How UAE E-Invoicing Will Transform VAT and Corporate Tax Compliance (Jan 14)
- Hamriyah Free Zone Showcases Steel Industry Advantages at SteelFab 2026 in Sharjah
- Understanding Out of Scope VAT: Key Differences, Examples, and Implications for UAE Businesses
- Everything You Need to Know About E-Invoicing in the UAE
- UAE Announces Major VAT Amendments Effective January 2026, Introducing New Compliance and Refund Rules
