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Excise Tax Agreement of the States of the Gulf Cooperation Council axAgreement

As part of the objectives of The Charter of the Arab States of the Gulf Cooperation Council (GCC), a policy designed to strengthen regional cooperation, the GCC member states have agreed to sign the Unified Excise Agreement to implement an excise tax, which is a tax on certain products that are considered to be harmful to human health. The tax is in line with the existing Unified Economic Agreement between GCC countries, an agreement that aims to develop economic ties to coordinate and standardize economic, financial and monetary policies. Closer integration will help to strengthen the GCC and continue working towards the establishment of a unified regional economy.

According to this agreement, the Excise Tax is set to be implemented during the last quarter of 2017. The UAE is in the process of issuing tax related legislations, including excise tax law, which will take effect during that period.

The unified Excise Tax agreement will include:

  1. Definition and general provisions

  2. Imposition of tax

  3. Payment of Taxes

  4. Tax Refund

  5. Exemptions

  6. Compliance requirements

  7. Information Exchange and Cooperation among States

  8. Penalties and Tax Evasion

  9. Concluding provisions

View the text of the law