1. What is the guarantee amount?
The bank guarantee amount will be determined by the FTA and will be communicated to the applicant.
2. What is the customs clearance company’s tax return period?
The customs clearance registration is different from the VAT registration. The persons registered as customs clearance companies do not have tax periods and are not supposed to submit returns in such capacity. However, customs clearance companies who are obliged to register for VAT shall abide by the provisions to register for VAT and submit returns accordingly.