You own a tobacco shop in the UAE, and you import cigarettes. The excise tax rate...
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You own a tobacco shop in the UAE, and you import cigarettes. The excise tax rate on cigarettes is 100% of the higher of the FTA published price and the designated retail sales price. You've imported two different brands of cigarettes, and the details are as follows: Brand A: FTA published price per pack: AED 10, Designated retail sales price per pack: AED 12, Quantity imported: 500 packs. Brand B: FTA published price per pack: AED 15, Designated retail sales price per pack: AED 14, Quantity imported: 300 packs. Calculate the excise tax payable for each brand of cigarettes. You own a tobacco shop in the UAE, and you import cigarettes. The excise tax rate on cigarettes is 100% of the higher of the FTA published price and the designated retail sales price. You've imported two different brands of cigarettes, and the details are as follows: Brand A: FTA published price per pack: AED 10, Designated retail sales price per pack: AED 12, Quantity imported: 500 packs. Brand B: FTA published price per pack: AED 15, Designated retail sales price per pack: AED 14, Quantity imported: 300 packs. Calculate the excise tax payable for each brand of cigarettes.
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Heres the calculation of the excise tax payable for each brand of cigarettes Brand A FTA published p... View the full answer
Related Book For
International Business Law And Its Environment
ISBN: 9781305972599
10th Edition
Authors: Richard Schaffer, Filiberto Agusti, Lucien J. Dhooge
Posted Date:
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