News Detail

Connecting ideas and people

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:-

  • Sweetened Drinks
  • Electronic Smoking Devices and Tools
  • Liquids Used in Electronic Smoking Devices and Tools
  • For further details please click here.

    Share This Post
    Open chat
    1
    Hi,
    How can we help you?