Excise TAX
Excise Tax UAE: A Comprehensive Guide
‘KA Auditing + Pipara’ provides consulting services for excise tax in UAE by giving a professional approach to calculating excise tax and understanding its impact on your business.
First, let’s discuss what exactly excise tax is. It is a form of indirect tax levied on specific goods. UAE introduced Excise Tax in 2017 to reduce the usage of unhealthy products and cause revenue for the government.
Now, on which goods excise tax is levied:
Carbonated drinks
These include drinks that have carbon dioxide melted in them, such as Pepsi, Coca-Cola, and Fanta. Exceptions are made for infused water.
Energy drinks
These are drinks sold as giving physical and mental energy, containing uppers like caffeine, taurine, ginseng, and guarana.
Sweetened drinks
Any product with added sugar or other sweeteners.
Tobacco products
All tobacco and tobacco-related products fall under this head.
Electronic smoking
Electronic smoking devices and liquids used in such devices.
Excise Tax Registration in Dubai, UAE: How to Stay Compliant with Accounting Regulations
Any business involved in importing excise goods, producing excise goods for consumption, stockpiling excise goods, or running an excise warehouse must register for Excise Tax in the UAE.
To register for Excise Tax, companies can do so online through the Federal Tax Authority (FTA) portal. The required documents for registration may require documents such as passport copies of managers and owners, Emirates ID, trade license, customs number (if apt), authorized signatory documents, and business details.
How does ‘KA Auditing + Pipara’ support implementing an excise tax?
Managing the complexities of excise tax in the UAE requires expert help and support. At ‘KA Auditing + Pipara’, we are dedicated to assisting companies in understanding and falling in line with excise tax laws. From registration and payment to preparation and compliance, our experienced team provides complete services to ensure smooth operations and minimize tax-related risks.
Our Excise Tax Services Cover a Wide Range of Areas:
Registration for Excise Tax
We assist you in registering for excise tax, ensuring conformity with the regulatory requirements.
Excise Tax Returns (Monthly)
We prepare and file monthly excise tax returns on your behalf, ensuring timely and accurate submissions.
Excise Tax Compliance System
We help you create a robust compliance system, ensuring proper documentation, record-keeping, and adherence to regulatory guidelines.
Excise Tax Refunds
If eligible, we assist you in claiming excise tax refunds, ensuring you receive the rightful reimbursements.
Identification of Excise Goods
Our experts help you identify the excise goods in your business operations, ensuring accurate tax determination.
Excise Tax Consultancy
Our experienced consultants provide valuable insights and advice on excise tax matters, helping you make informed decisions.
Stockpiling, Inventory Counting, and Duty Calculation Advice
Our experts provide guidance on stockpiling, inventory counting, and duty calculation, ensuring compliance and minimizing risks.
De-registration from Excise Tax
When necessary, we help you with the de-registration process from excise tax, making sure a smooth transition.