Real-Time Updates
Pitch Deck Template
Pitch Deck Template
Real-Time Updates
MENA

UAE announces new tax on International Amazon parcels

Popular

MENA

UAE announces new tax on International Amazon parcels

By: Sreejit Kumar

UAE residents who go on an Amazon shopping spree must now pay a new tax on international purchases.

A new customs duty on packages worth more than AED300 that are shipped internationally went into effect on January 1. It means that parcels purchased abroad and shipped to the UAE will incur additional fees. The clearance of consignments through courier companies is addressed in Dubai Customs Notice No. 5 of 2022. It was announced last June and is now in effect. Any goods imported with a value of less than AED300 are exempt from paying the fee.

It states that in order to accept items worth more than AED300, customers must now pay:

5% import customs duty charge
5% VAT

Previous article
OpenAI, the startup behind ChatGPT, is discussing a tender offer that could be worth $29 billion
Next article
Lenskart’s early backers Premji Invest, Kedaara Capital, TR Capital & SoftBank looking for partial exit
Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

Popular

More Like this

Load more
By Sreejit Kumar

UAE residents who go on an Amazon shopping spree must now pay a new tax on international purchases.

A new customs duty on packages worth more than AED300 that are shipped internationally went into effect on January 1. It means that parcels purchased abroad and shipped to the UAE will incur additional fees. The clearance of consignments through courier companies is addressed in Dubai Customs Notice No. 5 of 2022. It was announced last June and is now in effect. Any goods imported with a value of less than AED300 are exempt from paying the fee.

It states that in order to accept items worth more than AED300, customers must now pay:

5% import customs duty charge
5% VAT

Disclaimer

At StartupNews.fyi we strive to uphold the highest ethical standards in all of our reporting and coverage. We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous article
OpenAI, the startup behind ChatGPT, is discussing a tender offer that could be worth $29 billion
Next article
Lenskart’s early backers Premji Invest, Kedaara Capital, TR Capital & SoftBank looking for partial exit
Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

More like this

Online interior design startup Design Cafe raised $25 million in Series B led by WestBridge Capital

Funding Sreejit Kumar -
Online interior design startup Design Cafe raised $25 million...

Turbostart India is now accepting applications for its fourth cohort

Event Sreejit Kumar -
More than 60K+ tech startups, 108 unicorns, 102 soonicorns,...

D2C superfoods startup Nourish You raised 2 million in Seed led by actor Samantha Ruth Prabhu

Funding Sreejit Kumar -
D2C superfoods startup Nourish You raised 2 million in...
Load more

Upcoming Events

TEDxDSC | 31st March

Grab your passes soon. Together, let's broaden our horizons and rejuvenate our perspectives. This is...
Read more

ACE HACK 2.0 | 1st - 2nd April

REGISTRATION FOR ACEHACK SEASON 2 IS LIVE!      
Read more

How to make an Investor Ready Pitch + Pitching Practice | 1st April

Pitch Your Idea to us and present it in our Next Pitch Day Get Mentorship...
Read more

The Startup Network | 1st April

Power-packed networking breakfast with successful Founders, seasoned VC firms, and Startup Incubators on 1st...
Read more

E-SUMMIT '23 IIT MADRAS | April 7 | 1PM - April 9 | 7PM

E-Summit 2023 with the theme of "Assemblage of Changemakers", is the annual flagship entrepreneurship fest...
Read more
View all
Event Updates

Startup Information that matters. Get in your inbox Daily!

Subscribe
spot_img
spot_img

StartupNews.fyi

Startup Information that matters. Get in your inbox Daily!

Subscribe
Cashfree | Complete Payment and Banking Platform for India

© 2023 StartupNews.fyi | DOTFYI Media Ventures Private Limited. All Rights Reserved.

StartupNews.fyi

StartupNews.fyi is India's leading news & Technology media company that focuses on Startups in India and to storied across the globe.

Cashfree | Complete Payment and Banking Platform for India

© 2023 StartupNews.fyi | DOTFYI Media Ventures Private Limited. All Rights Reserved.

Copy link
CopyCopied
Powered by Social Snap