Excise Advisory Service in UAE
The new Excise Advisory Service in UAE will come into effect on October 1st 2017 and all businesses dealing. With the supply of such wares must register for it. These are consider or harmful to human consumption. So they’re tax at an extra rate. This includes anything from cigarettes right through alcohol products.
Businesses that are in the Dubai and want to supply such goods must complete their excise registration as per guidelines from The Federal Tax management. If they do not comply, then there will be heavy penalties foist on them for non-compliance with these regulations.
Excise Advisory Service in UAE shall be applicable on the following Excisable stocks in UAE:
- Tobacco and tobacco products
- Liquids used in electronic smoking devices and tools (w.e.f. 1.12.2019)
- Electronic smoking devices and tools (w.e.f. 1.12.2019)
- Carbonated drinks
- Energy drinks
- Sweetened drinks (w.e.f. 1.12.2019)
The FTA has set out guidelines for businesses that plan on supplying goods and services in the UAE. In order to avoid heavy penalties, you must register with your local authorities as per these quality or face consequences including fines up until imprisonment!
Energy drinks. Carbonated and sweeten drinks are charge with excise responsibility of 50%.
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