Import is the arrival of goods or receipt of services from abroad into the state from (Implications of VAT on Imports) outside.
An importer is a person whose is enlisted as the importer of the goods for customs clearance purposes. With respect to services, it is the recipient of these services.
The importer whose taxable supplies made and import received exceed AED 375,000 for the last 12 months.
Concerned goods and services are referred to those goods and services that are not exempt from the VAT.
Tax paid by a Person or due from him when conducting an import is called input tax.
Tax charged by a Person on a taxable supply is called output tax.
VAT shall be imposed on all import of goods except as specified in the Executive Regulation of the Decree-Law as exempted and zero-rated goods.
A standard rate of 5% shall be imposed.
VAT is in addition to customs duty. The VAT is calculated on the total import value which includes freight, insurance, and customs duties.
In such case, the value of supply reimported will be the value of the Services rendered. However, these goods are to be transferred temporarily from the domestic market into a zone designated by authority or outside the State for completing the manufacturing or repair in order to re-import them into the state.
The liability to pay VAT (VAT Implication) is on the supplier, however, if the supplier is unregistered and outside the state than this liability falls upon registered importer.
As a general rule, these export or imports are not subject to VAT.
The place of import for Goods shall be the State of the First Point of Entry if goods are transported to other GCC state after import in one.
The benefit of registration and getting Tax Registration Number (TRN) is
The consequences of not being registered are
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