UAE's Federal Tax Authority (FTA) has released a Public Clarification EXTP003 which explains the Excise Tax obligations for stockpilers of :
a) Sweetened drinks, electronic smoking devices and tools, or liquids used in such devices and tools which are held for business purposes on the date Cabinet Decision No. 52 of 2019 on Excise Goods, Excise Tax Rates and the Methods of Calculating the Excise Price comes into effect i.e. 1 December 2019 ;
b) Tobacco products which have been subject to Excise Tax at a price lower than the minimum excise price introduced on such products by Cabinet Decision No. 55 of 2019 on the Excise Price for Tobacco Products.
To read the full Excise Tax Clarification EXTP003 on Stockpiling of Excise Goods, please click here.Click here to download the file