Call Us For Consultation

+971-4-3584999

Call Us For Consultation

+971-55-1948966

Call Us For Consultation

+971-55-1950580

Call Us For Consultation

Search
 

President of UAE issues decree regarding selective tax on certain commodities

MAC N ROSS > Value Added Tax In GCC  > President of UAE issues decree regarding selective tax on certain commodities

President of UAE issues decree regarding selective tax on certain commodities

President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has issued a Federal Decree-Law on Excise Tax, which will be imposed on selected products. As per Federal Decree-Law No. 07 of 2017, Excise Tax Rates that shall be imposed on the “Excise Goods”, which, along with the method of calculating the Excise Price, are subject to a decision by the Council of Ministers, upon the recommendation of the Minister of Finance, provided that the tax rates do not exceed 200% of the Excise Price.

No Comments

Sorry, the comment form is closed at this time.