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President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a Federal Decree-Law on Excise Tax, which will be imposed on selected products, as determined by the Council of Ministers and recommended by H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, and Chairman of the Federal Tax Authority, FTA.As per Federal Decree-Law No. 07 of 2017, Excise Tax Rates that shall be imposed on the "Excise Goods",

which, along with the method of calculating the Excise Price, are subject to a decision by the Council of Ministers, upon the recommendation of the Minister of Finance, provided that the tax rates do not exceed 200% of the Excise Price.At its thirty-seventh meeting, in December 2016, the Supreme Council of the Gulf Cooperation Council, GCC, issued a resolution on excise goods list, which contains tobacco products, energy drinks and certain soft drinks.

"As President His Highness Sheikh Khalifa issues Federal Decree-Law No. 07 of 2017 on Excise Tax, the UAE takes a great leap forward," said H.H. Sheikh Hamdan bin Rashid Al Maktoum. "We are making remarkable progress in our plans to establish a sound legislative infrastructure to support the UAE’s tax system and make sure it meets and exceeds international best practices."