Excise Tax on Tobacco and Electronic Smoking Devices
Excise tax is a flat-rate levy on the sale of particular products, services, and operations. It is an indirect kind of tax that means it is not paid by the customer directly. Instead, the producer/company that includes it in the product price will be charged excise tax. It is your obligation to collect and pay taxes to the […]
Excise Tax In UAE
In the UAE, the excise tax was imposed on tobacco and tobacco products, energy drinks, and carbonated drinks. The nation had chosen to levy an excise tax on all e-cigarettes, e-liquids and sweetened drinks signed and ratified this January. With this implementation, a substantial change has been observed in firms that produce, supply or export […]
