text: Home » News » Business News » Dubai Customs launches Trader Export Report service to enhance compliance, abidance and revenues
  DUBAI, 31st July, 2021 (WAM) — Within their continuous efforts to support trade activity in Dubai to help businesses overcome the challenges and boost their revenues, Dubai Customs, in cooperation with the Federal Tax Authority (FTA), launched the Trader Export Report service. The new service will help clearance and shipping agents achieve Zero Rating of supply of goods exported within 90 days of exportation date, regardless of the Importation date.
  Ahmed Musabih expressed gratitude to the FTA for their dedication and outstanding efforts to help develop the trade sector and increase revenues. "The service is meant to provide best trade and customs facilities to traders and businesses to help them increase mutual trade between Dubai and the rest of the world. This will help in fulfilment of national plans and projects and support Dubai 5-year plan of increasing Dubai external trade to AED2 trillion. Dubai non-oil external trade grew 10 percent in Q1, 2021 to AED354.4b compared to AED323b in Q1, 2020. This includes AED150m for exports and re-exports.""This service is one of many facilities that Dubai customs provide to help augment growth in external trade, attract more investments into the emirate, and consolidate Dubai's global position as a preferred hub for business and tourism following the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai."