Amendment to Excise Law
Amendment of the Excise Tax Decree - Law No. 19 of 2022
FTA has passed a decree amending provisions in relation to Excise Tax. The Public Clarification is specifically intended to inform persons of the following main changes to the Excise Tax Decree-Law:
1. Exceptions from registration - Persons importing excise goods for purposes other than conducting business will be excepted from registration
2. Payment of amount received as Excise Tax - Any amount(s) collected, or reflected on an invoice as Excise Tax, is deemed to be Excise Tax and payable to the FTA.
3. The statute of limitation - A statute of limitation relating to tax audits and tax assessments has been introduced in the amended Excise Tax Decree-Law.
Read the complete text of the decree by clicking on the link