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SERVICES

EXCISE TAX

Government of UAE applied Excise tax on some goods, consumption of which are not good for the human health and environment. Excise tax is an indirect tax and levied on production, import, stock piling and release of some specific category of goods. Excise tax is levied on the retail price of goods and at the rates levied on the excise goods concerned. The following goods will be subject to excise tax in the country:

•   Soft drinks – 50%
•   Energy Drinks – 100%
•   Tobacco Products – 100%

Businesses obligated to pay Excise Tax, must Register with the Federal Tax Authority and Submit tax returns on a monthly basis and Pay the tax due on the same date as submitting the tax return. Excise is due on a specific group of goods intended for consumption within the country. The tax is due when “goods are put up for consumption,” which is when they are put up for free circulation within the country.

Excise tax is due on:
•   Excise goods that have been imported into the country.
•   Excise goods offered for consumption within the country (for example, manufactured goods released from a specific region/tax warehouse, etc.).
•   Excise goods acquired by the stocking person for which tax has not been previously paid.

  • KTC UAE can help you in following ways-Excise Registration : Business which are engaged in Excisable goods need to    register for excise. We can advise you about Excise registration process and submission of required documents to FTA.
  • Periodical return filing : A excise tax registrant is required to file Excise return before 15th day of the following month.  Excise return filling require a review of accuracy, completeness, valuation and cut-off for your inventory, sales,  purchase and production losses as per the provisions of the law. We take care of the preparation, review and   submission of your Excise return professionally.
  • Excise impact assessment: We will review your inventory transactions to determine Excise tax applicability on your  business and advise you on the Excise Accounting, record management, IT system changes, policies and procedures  and Excise audit file requirements.
  • Excise audit and review: Tax documentation is very critical for tax compliance. If your business come under scrutiny, Tax officials will require proof against return period under scrutiny to establish you file your return accurately. We advise you on audit requirements.   
  • Periodical return filing : A excise tax registrant is required to file Excise return before 15th day of the following month. Excise return filling require a review of accuracy, completeness, valuation and cut-off for your inventory, sales, purchase and production losses as per the provisions of the law. We take care of the preparation, review and submission of your Excise return professionally.
  • Excise impact assessment: We will review your inventory transactions to determine Excise tax applicability on your business and advise you on the Excise Accounting, record management, IT system changes, policies and procedures and Excise audit file requirements.
  • Excise audit and review: Tax documentation is very critical for tax compliance. If your business come under scrutiny, Tax officials will require proof against return period under scrutiny to establish you file your return accurately. We advise you on audit requirements.