FTA: New version of Excise Tax Returns user guide
The UAE FTA has published a new version of the Excise Tax Returns user guide originally published in May.
The new version of the guide states that the value of excise goods and Excise Tax will be automatically populated on the relevant declaration forms for submission, based on the FTA’s list of standard prices.
It also includes the conditions and requirements to be met in cases a taxable person believes that Excise Tax should be calculated on a higher value.
If you wish to address the value set based on the FTA’s list of standard pricing, you need to ensure that the basis for your determination to the FTA is detailed by well-reasoned arguments.