All Warehouse Keepers (and persons intending to register as Warehouse Keepers) are required to provide a financial guarantee for each Designated Zone the Warehouse Keeper is responsible for.
The amount of the required guarantee is determined by the Federal Tax Authority (“FTA”).
The FTA wants to acknowledge Warehouse Keepers with good governance of their tax affairs by reducing the amount of the required financial guarantee based on the Warehouse Keeper’s and the Taxable Person’s compliance history.
Source FTA
