Dubai Customs, in cooperation with the Federal Tax Authority (FTA), has launched the Trader Export Report service to help in clearance and shipping agents to achieve a Zero Rating of supply of goods exported within 90 days of the export date, regardless of the import date.
The service was launched virtually in the presence of Mr. Ahmed Mahboob Muabih, Director General of Dubai Customs and Mr. Khalid Ali Al Bustani, Director General, Federal Tax Authority (FTA), along with Dubai Customs’ executive directors and heads of customs departments and centers.
Traders have to meet all the Zero Rating requirements like having an exit certificate and commercial documents that prove the exportation process and exporting the shipment within the specified time frame. This service applies only to imported goods that will be exported later and not to goods possessed locally.
“The Trader Export Report service is very promising and is a good example of fruitful cooperation between local departments and federal authorities to enhance economic development and trade facilitation following the leadership’s wise vision. The creative platform will help raise compliance and abidance,” said Mr. Al Bustani.
“The (Trader Export Report) service is meant to provide best trade and customs facilities to traders and businesses to help them increase mutual trade between Dubai and the rest of the world. This will help in the fulfillment of national plans and projects and support Dubai’s 5-year plan of increasing Dubai external trade to $544.4 billion. Dubai’s non-oil external trade grew 10 percent in Q1, 2021 to $96.3 billion compared to $87.9 billion in the first quarter of 2020. This includes $40 million for exports and re-exports.”
The new service will be available on Dubai Trade Portal, and it will apply to certain types of declarations including Import to Local from ROW, Import to Local from GCC (Statistical Import), Import for Re-Export to Local from ROW, Import to CW from ROW, Transit (ROW to ROW) and Cargo Transfer from CTO to CH (different locations).