News Alert:

Avoid AED 10,000 penalty by registering for Corporate Tax today!

Insights

Latest Updates MBG Middle East News

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:

  1. Al Hamra Industrial Zone - Free Zone
  2. Al Ghail Industrial Zone - Free Zone
  3. 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.

List of  Designated Zones for the purposes of the Federal Decree-Law No. (8) of 2017 on Value Added Tax.

Last Updated: 17th July 2019 This article is contributed by:  CA Priyanka Garg Manager, Taxation


What can we help you achieve?

Stay one step ahead in a rapidly changing world and build a sustainable future with us.

Get a quote
Open chat
Hello
Can we help you?