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Implementation of Dubai Economic Stimulus Package for Customs

  • AE
  • April 07th 2020
  • By Jeanine Daou

On 19 March 2020, Dubai Customs issued Customs Notice No. 1/2020 on the implementation of the Government's Economic Stimulus Package, a set of measures introduced to reduce the cost of doing business and boosting Dubai’s trade sector and local economy. One of the key measures introduced is a 20% refund of the customs duty paid on goods imported and sold locally in the UAE that are subject to the 5% standard customs duty rate. The refund is applicable to imports declared to Dubai Customs between 15 March 2020 and 30 June 2020. Other measures include the refund or cancellation of the AED 50,000 bank or cash guarantee for customs brokers and clearing companies.

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