UAE FTA seizes goods worth over AED 191 million for tax violations

WAM

The UAE's Federal Tax Authority (FTA) confiscated goods worth over AED 191.8 million in 2020 that failed to comply with the country's tax regulations.

It seized 9.4 million cigarette packs and 14,000 kg of shisha tobacco products that did not carry digital tax stamps.

Another 803,000 items that included carbonated beverages, energy drinks, sweetened drinks and electronic smoking devices (along with their tools and the liquids used in them) were also uncovered during the inspections last year.

The FTA relies on various field and electronic inspection procedures aimed at preventing the sale, circulation, and stockpiling of products that have not fulfilled their Excise or Value Added Tax (VAT) obligations.

The FTA's Director-General, Khalid Ali Al Bustani, emphasised that the Authority prioritises consumers' protection from harmful products that do not meet the UAE’s regulations and standards, while actively combating tax evasion.

More from Business

Coming Up on Dubai Eye

  • Entertainment Extra

    1:00pm - 2:00pm

  • Afternoons with Helen Farmer

    2:00pm - 5:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.