TAXATION & COMPLIANCES

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Excise tax

In the UAE (United Arab Emirates), an excise tax is a type of consumption tax imposed on specific goods that are considered harmful to public health or the environment. The Excise tax is intended to discourage the consumption of these goods and promote healthier lifestyles.

The tax is levied & typically applied to items like:

Carbonated Drinks
Tobacco Products
Energy Drinks
Electronic Smoking Devices

EXCISE TAX & CUSTOMS-IE CODE

Registration:

Excise registration is the very first step towards compliance with the excise tax procedures. Key Categories of businesses that are typically required to register for excise tax in the UAE are:

Producers and Manufacturers
Importers
Warehouse Keepers
Stockpilers

Additionally, exemptions or thresholds might apply to certain businesses based on their annual turnover or other factors.

Procedures:

The UAE’s Federal Tax Authorities provide an online platform for excise registration through their official website at www.tax.gov.ae.

Documents required:

The essential documents required for excise registration include the certificate of incorporation, articles of association, and the firm’s banking details. In addition, their trading license and relevant documentation that identifies the authorized signatories of the company.

Our Services related to Excise Tax :

Our skilled team of auditors is dedicated to overseeing your business’s compliance obligations. Post successful Excise registration, we will provide comprehensive guidance on the following compliance services.”

Excise consultation services
Maintenance of Excise Records, Appropriate Invoicing, and Reconciliation.
Calculation and Timely Submission of Excise Returns
Excise tax Refunds
Representation before the FTA for all Excise-related matters.