UAE Federal Tax Authority Clarifies Treatment of Natural Shortage of Excise Goods in Designated Zones

The UAE Federal Tax Authority has issued Excise Tax Public Clarification EXTP014 - Natural Shortage of Excise Goods, which updates and replaces Excise Tax Public Clarification EXTP011. The public clarification outlines the situations under which a shortage (loss) of excise goods due to the natural characteristics of the goods will not be considered a release for consumption from a designated zone (control area). This is important because a shortage of excise goods in other cases, such as ne…