Ad Valorem Model: A taxation model under which Tax is calculated as a fixed percentage of the Excise Price of the Excise Goods.
Business: Any activity conducted regularly, on an ongoing basis and independently by any Person, in any location, which involves or may involve trading in Excise Goods.
Designated Zone: Any fenced area established as a free zone that cannot be entered or exited except through a designated road, and any area designated by the FTA as being subject to the supervision of a Warehouse Keeper, in accordance with the provisions of the Excise Tax Executive Regulation.
Due Tax: Tax that is calculated and imposed pursuant to the provisions of the Excise Tax Decree-Law.
Excise Goods: Goods that will be determined as being subject to Tax by a Cabinet Decision upon the recommendation of the Minister.
Export: The departure of goods from the territory of the UAE.
FTA: Federal Tax Authority, being the Authority responsible for the administration, collection and enforcement of federal taxes in the UAE.
Import: The arrival of goods from abroad into territory of the UAE.
Importer: The...