Relaxation in rules for duty free markets
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Officials also informed that the authority has set up procedures for establishing duty-free markets at air, sea and land ports in accordance with the Uniform Customs Law for GCC countries, which contains provisions related to the operation of duty-free markets. The new law announces further relaxations in the current provisions relating to duty-free markets. Free markets will be allowed at the country’s airports, land and sea borders. Officials said that this will provide an opportunity to make the products in the international market available in the market through the market. Officials also announced further relaxations in requirements related to the operation of duty-free shops, operating licenses and other related regulations.
Local products are also available in duty free shops
The cabinet meeting had earlier decided to set up duty free shops for those entering and exiting the country as per requirement. Following this, the authority clarified that the necessary rules and regulations have been formulated. There are also plans to expand them into duty-free shops that cater to the needs of passengers. Along with this, it will help in the promotion of local products by providing sales facilities to local companies in duty free shops, the authority said. The authority also emphasized that the new decision will help improve logistics services and support supply chains serving duty-free markets by providing a variety of goods and products for travel shopping.
Shops will be set up in more centres
Duty free shops are currently operating in the passenger halls of departure terminals at King Abdulaziz International Airport in Jeddah, King Khalid International Airport in Riyadh, King Fahd International Airport in Dammam and Prince Mohammed bin Abdulaziz Airport in Madinah. In the context of the new concessions, duty-free shops will be opened at more points of entry in coordination with various departments at airports and ports as needed. Duty free shops are exempted from customs duties and other taxes under the Free Market Act of the Uniform Customs Act. The authority also clarified that the level of tax reduction will vary from country to country depending on the location of the duty free shops.