Anticipating Unknown: Could Luxury Goods see an Excise Tax in the UAE’s Future?

On November 27, 2016, a significant milestone was set in the chronicles of GCC financial governance:

This date marked the initiation of the Common Excise Tax Agreement of the States of the Gulf Cooperation Council (known as the “GCC Excise Tax Agreement”)

• International Position – Excise Tax on Luxury Goods
• Federal Excise Tax on Luxury Goods in the UAE
• Excise Tax Liability and Administrative Penalties
• Conclusion

Source: Habib Al Mulla & Partners

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