Course Module:
Topic 1: What is Excise Tax?
- Overview of Excise Tax
- Excise Tax in GCC
- How Excise Tax Works?
Topic 2 : Excise Tax on Sweetened Drinks and Energy Drinks
- Meaning and form
- Case Studies
- Definition, Classification and Identification of Energy Drinks
Topic 3 : Excise Price Valuation
- Identifying the Designated Retail Selling Price
- Average Retail Selling Price Calculation
- Identifying Different Retail Selling Prices
Topic 4: Designated Zones
- Introduction to Excise Designated Zones (DZ)
- Benefits and Advantages of Operating within a DZ
- Excise Tax DZ Scenarios and Applications
Topic 5: Lost and Damaged Goods
- Handling Deficient or Missing Goods
- Excise Tax Relief in Case of Lost and Damaged Goods
- DZ Entities and Mainland Entities
Topic 6 : Deductible Excise Tax
Topic 6: Excise Tax Compliance
Learning Outcomes:
By the end of this course, participants will be able to:
- Understand the concept of Excise Tax and its applicability in the UAE.
- Explain how Excise Tax works, including tax rate determination, point of collection, administration, and its impact on consumers.
- Analyze the specific application of Excise Tax on sweetened drinks and energy drinks.
- Identify and calculate the designated retail selling price for goods subject to Excise Tax.
- Assess the significance and benefits of Excise Designated Zones (DZ), and understand the scenarios in which they apply.
- Evaluate Excise Tax relief measures for lost and damaged goods, differentiating between DZ entities and Mainland entities.
- Excise Tax compliance requirements.