Significant updates have been issued with regards to the new Excise Tax stock reporting requirements for Tax Warehouse Keepers that operate Designated Zones in the UAE. The FTA has implemented the new compliance obligations by issuing a new circular, new guides and updating existing guides. The FTA also conducted a virtual workshop on December 8th, 2020, where Excise Taxpayers were briefed on some of the practical implications of the new obligations.
Source PwC
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