In our previous article, Process for paying VAT on import by non-registered persons, we learned about the process for paying VAT on import by non-registered persons in certain scenarios. In this article, we would like to understand the scenarios where an unregistered individual has to…
There are situations in business where an unregistered company imports goods and has to pay VAT on import. Since these companies are not registered, the VAT they pay on import will not be collected on their tax return. These persons must pay import VAT by…
Import of goods declared through UAE Customs must be declared in the No. field. 6 ‘Goods imported into the UAE’ in the ‘Sales and all other expenses’ section of VAT Form 201. Adjustment of goods imported into the UAE If the information in Box No.…
