THREE MORE DESIGNATED ZONES ADDED BY FEDERAL TAX AUTHORITY
July 18, 2019
The FTA has added 3 new Designated Zones to the existing list as Cabinet Decision No. (43) of 2019 on Amending the List of Designated Zones.
All of the new Designated Zones are in Ras Al Khaimah emirate:
- Al Hamra Industrial Zone - Free Zone
- Al Ghail Industrial Zone - Free Zone
- Al Hulaila Industrial Zone - Free Zone
The above Free Zone should be treated as Designated Zone w.e.f effective from July 4, 2019
To know about VAT Treatment on Designated Zone Entities kindly contact us.
Last Updated: 17th July 2019 This article is contributed by: CA Priyanka Garg Manager, Taxation