Federal Tax Authority Sets Standards for Managing Natural Shortage of Excise Goods in Designated Zones

• The Federal Tax Authority issued Decision No. 6 of 2025 for standards on natural shortage of excise goods in Designated Zones.
• Effective from 1 July 2025, it defines terms like Excise Goods and Natural Shortage.
• Aligns with existing excise laws for consistent treatment of product losses.
• Excise businesses must obtain an annual shortage-limit report from an approved lab.
• Businesses need to maintain evidence of losses and ensure declarations are within limits.
• Reports must be renewed annually and allow for unannounced inspections.
• Transitional relief allows reports obtained within six months of 1 July 2025 to be valid for a year.
• Non-compliance may lead to excise reassessments and penalties.

Source: premier-brains.com

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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