New technical service to gauge natural loss

This will allow manufacturers to claim tax exemptions

- BY JUSTIN VARGHESE

The Federal Tax Authority (FTA) and the Abu Dhabi Quality and Conformity Council (QCC) have launched a new technical service that allows manufacturers in the UAE to measure natural losses in excise goods and claim tax exemptions for those losses.

The new “Actual Natural Loss Measurement Service” determines how much of a product is lost during production, storage, or transport due to natural causes such as evaporation or spoilage.