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E-Business Tax (MOSC)

How to implement price base TAX

Dec 29, 2019 2:57PM in E-Business Tax (MOSC) Question

We need to implement the EXCISE TAX based on the following:

Excise tax is calculated based on a specified percentage (tax rate) of a specified value of Excise goods. Such value is called tax

base.

The Tax base of the Excise goods would be the higher of :

1. Retail Sales Price: The price at the time of sales in the retail trade (Excluding Excise Tax and VAT).

2. Minimum price: The price provided under the “standard price list” issued by GCC tax authorities from time to

time, if any.

At the end, the tax base is the value equal to the Retail Sales Price or the Minimum Price, whichever is the

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