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FTA says preparation in final stage to levy excise tax on more products

Staff Report/Dubai
Filed on November 27, 2019

(KT file)

The Federal Tax Authority (FTA) is finalising its preparations to levy the excise tax on sweetened drinks, electronic smoking devices and tools, and the liquids used in these devices from Sunday, December 1, 2019.

Four months ago, the FTA began accepting applications to register from producers, importers, and stockpilers of sweetened drinks, electronic smoking devices and tools, and the liquids used in these devices. Furthermore, the Federal Tax Authority partnered with the Customs Departments in all seven emirates, as well as with authorised laboratories, to coordinate and monitor the circulation of goods, ensure seamless customs procedures around the new Cabinet Decision, and assess the level of compliance with said decision in the market.

"The FTA has exerted tremendous efforts to allow Taxable Persons to register well ahead of the deadline - four months before the Decision is set to be enforced," said Khalid Ali Al Bustani, director-general of the FTA.

The registration requirements for Excise Goods include the product details, ingredient list, marketing campaigns including photographs and videos, a lab analysis report if needed, and price details according to the retail price guide (or price details in the relevant country for products sold outside the UAE).

- waheedabbas@khaleejtimes.com


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