29 November, 2019
Excise Tax Regulations – an Update
FTA recently provided an update on its excise tax regulations. This pertains to Excise Tax requirements arising as per Cabinet Decision No. 52 of 2019 on Excise Goods, Excise Tax Rates, and the Methods of Calculating the Excise Price, as well as the Decision of the Minister of Finance No. 236 of 2019 on implementing Cabinet Decision No. 52 of 2019.
The update involves the addition of certain items under the Excise Tax bracket, with tax collection to commence on December 1, 2019:-
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