FTA launches e-system for excise registration

123rf

The Federal Tax Authority (FTA) has launched a new electronic system for registering excise goods.

The new system offers accurate and transparent procedures for registering excise goods with clear guidelines and standards, in addition to the new reporting requirements related to excise tax returns and declarations.

Vendors are advised to have documents readily available when submitting the registration request for the goods.

The new process demands clearer descriptions of product details, ingredients, marketing information, images and videos, lab tests in some cases, and the retail price of the product.

UAE introduced excise tax in 2017 on carbonated drinks, tobacco products and energy drinks.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda with Tom Urquhart

    10:00am - 1:00pm

    Your chance to have your say and debate the issues you love or loathe. It’s the chance to set The Agenda on the big topics of the day.

On Dubai Eye

Business Breakfast