FTA rolls out new electronic system

19 August, 2019 12:00 AM printer

DUBAI: The Federal Tax Authority (FTA) rolled out a new electronic system for registering excise goods and new reporting requirements related to excise tax returns and declarations.

The FTA called on all businesses dealing with excise goods, which are products that are taxed at the point of manufacture rather than sale, to follow the new process of registering excise goods online and to submit all of the required documents, report agencies.

The requirements are clarified in new guides and request businesses submit products details, ingredients, marketing information including images and videos, lab tests in some cases and the retail price of the product based on UAE retailers or the relevant country in cases where products are not sold in the UAE.