- Dubai Customs has introduced a new Voluntary Disclosure System (VDS) for businesses to self-report customs compliance errors
- Eligibility criteria include not undergoing a customs audit or investigation and errors not previously detected by Dubai Customs
- The process involves electronic submission through the Dubai Customs portal with required information on the error and financial impacts
- The new policy came into effect in 2024 to enhance trade compliance and facilitate legitimate trade activities
- Businesses are encouraged to comply with customs regulations to benefit from the VDS.
Source: pwc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
