Q&A

UAE

Excise tax - Calculation of average selling price

Celin 05 October 2022
Would like to know how the calculation of average selling price in case of FMCGs proceeded to comply with the guideline. Whether actual receipts from retaile..

Documents for Excise Tax Registration

Hema Nagpal 08 June 2020
What docs are required to apply for Excise tax Registartion ..

Excise Tax Return extension for April 2020

Sonal Gupta 04 May 2020
Excise tax return for March has been extended to May 17. Is there any extension for April return as of now for UAE?? ..

UAE

accounting treatment for Excise duty on stockpiling

Aparna Barretto 21 January 2020
Hello What is the accounting entry for Excise duty paid on stock piling. Direct expense to payable.. Any effect on closing stock valuation? ..

KSA

Query on the new levy of 50% Selective / Excise Tax in UAE and KSA on Sweetened beverages

Ganesh Nair 28 November 2019
Understand from the UAE Guideline that, Sugar Sweetened Beverages have been defined for Excise Tax purposes, as per the following: Any ready-to-drink beverag..

UAE

Definition of Water Pipe Tobacco for Excise tax

mohamed 26 November 2019
Whats the definition of Water Pipe Tobacco for Excise tax? ..

UAE

Sweetner's Definition for Excise tax Purpose

Rupjyoti Gogoi 23 November 2019
Is sweetener defined for the purposes of excise tax? ..

UAE

How to qualify as a Stockpiler

Naina Gupta 13 November 2019
How will a vendor check whether he would qualify as a Stockpiler or not for excise tax purpose?..

UAE

Retaining Country by Country (CbC) Report Records

Ahmed 12 November 2019
For how many years the entity which files the CbC Report in the UAE should maintain the records? ..

UAE

Penalties where the Economic Substance Test is not met

Ketan Mangla 09 November 2019
Whats the Penalty in case Economic Substance Test is not met? ..

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