Excise Tax Services
Understanding and Complying with Excise Tax Regulations
Excise tax is a consumption tax imposed on specific goods and services in the UAE. It’s essential for businesses to understand and comply with excise tax regulations to avoid penalties and ensure smooth operations.
Our Excise Tax Services Include:
- Excise Tax Registration: Assisting businesses in registering for excise tax and obtaining the necessary licenses.
- Excise Tax Calculation and Reporting: Ensuring accurate calculation and timely reporting of excise tax liabilities.
- Excise Tax Compliance: Helping businesses maintain comprehensive records and comply with all excise tax regulations.
- Excise Tax Audits: Preparing for and assisting with excise tax audits conducted by the Federal Tax Authority (FTA).
- Excise Tax Refunds and Claims: Advising businesses on eligibility for excise tax refunds and assisting with the claims process.
By leveraging our expertise, you can effectively manage your excise tax obligations and minimize the risk of penalties.
Excise Tax is a form of indirect tax levied on specific goods. These goods are typically harmful to human health or the environment. As per the UAE excise taxation, these goods include:
Tobacco and tobacco products.
Liquids used in electronic smoking devices and tools.
Carbonated drinks (Exclude sparkling water)
Sweetened drinks.
Energy drinks.
The intent of excise tax is to reduce consumption of these commodities also raising revenue for the govt.
All business that produces, import, and releases excisable goods from designated zone must consider their registration requirements and filing and pay excise tax.
- Excise Registration. Timely registration is required to avoid any penalty.
- Excise Consultancy and Return filing.
- Excise Product Registration. If the excise products you are dealing with is not registered on the FTA (Federal Tax Authority) portal of excise product you need to register it on the FTA portal first before producing or importing it into the UAE.
- Excise De-Registration. Timely De-Registration is required to avoid penalty.
- If you need any guidance on VAT (Value added taxation) or Excise Taxation, please get in touch with us we would love to meet you. We rise by lifting others.
