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President issues decree on Excise Tax

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 determined by the Council of Ministers and recommended by Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, and Chairman of the Federal Tax Authority, FTA. 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...

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