Excise Tax

With effect from October 1st, 2017, the UAE government implemented the Excise Tax Federal Decree Law – No 7 of 2017. Later, with effect from 1st December 2019 additional products came under the purview of excise tax vide Cabinet Decision No 52 of 2019. UAE’s Federal Tax Authority (FTA) introduced an electronic system that allows businesses to register excise goods and meet reporting requirements pertaining to Excise Tax. Businesses are required to submit declarations to showcase transparency in the movement of goods falling under the canopy of excise.