UAE Amends Excise Tax Law with New Executive Regulation

• UAE released the new Executive Regulation of the Excise Tax Law
• Amendments to specific clauses of the Excise Tax ER were introduced
• Amendments will take effect on 1 December 2023
• New definitions for “official evidence,” “commercial evidence,” and “shipping certificate” were added
• Pre-existing definitions were eliminated
• FTA reserves the right to deregister the Registrant under certain circumstances
• Absence of audited reports for stored Excise Goods may result in categorizing the inventory as “excess”
• Excise Goods will not be classified as “released for consumption” in cases of natural shortage
• More comprehensive documentation requirements for the exemption of Excise Goods exports were introduced

Source: mailchi.mp

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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