This Public Clarification provides alternative examples compared to those provided in a prior version of Public Clarification EXTP003. This Public Clarification is re-issued in order to make the guidance clearer and provide further assistance so as to deal with any ambiguity. The technical position explained in the prior version of Public Clarification EXTP003 and reflected in the applicable legislation remains unchanged.
This Public Clarification explains the Excise Tax obligations for stockpilers of 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.
It also explains the Excise Tax obligations for stockpilers holding tobacco products on 1 December 2019, 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.