The excise tax has been introduced in UAE with effect from 1st October 2017, excise tax is levied on businesses that are involved in the production, import, distribution or stockpiling of excise goods or intending to do so. An excise tax is a form of indirect tax levied on specific goods which are typically considered harmful to human health or the environment. The UAE Government is levying excise tax to reduce consumption of unhealthy and harmful commodities while also raising revenues for the government that can be spent in the interest of residents of UAE.
The current excise goods with tax rates are as follows:
Who Should register for Excise Tax in UAE?
The bellow-mentioned groups are required to register for Excise Tax in the UAE
Information and Documents required while registering for Excise Tax in the UAE
An applicant while registering for Excise Tax should provide the following:
How can you help?
We can assist in Excise Tax registration and compliance obligations. We can assist you in registering of Excise Tax, filing monthly returns, registering your products with Federal Tax Authority and providing advisory services on compliance with UAE Excise Tax Laws. We also perform audit required by Federal Tax Authority for the verification of data related to excise goods. We also perform industry focused business reviews to ensure that companies manage their Excise Tax risk and exposure. We can provide advice on structuring business transactions within the legislation, including cross border transactions. We can also leverage the international expertise of AAYU Management’s Custom and Excise Tax specialists.
We are modern international Accounting, Finance, Audit, and Taxation firm located in UAE built to elevate your financial management, proper accounting and propel your business growth.