What is Excise Tax?
Excise tax, also known as an excise duty or excise tax in some countries, is a type of tax charged on specific goods and services. In the UAE, excise tax is currently applicable on tobacco, energy drinks, carbonated drinks, and tobacco products. The excise tax amount is included in the retail price of these goods.
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If your business imports or manufactures excise-taxable goods in the UAE, you are required to register for excise tax. Our tax experts can assist you with the excise tax registration process with the Federal Tax Authority (FTA). We will help you complete the registration application, understand documentation requirements, and maintain compliance.
Once registered, you will need to file periodic excise tax returns, usually on a quarterly or annual basis depending on your business activities and revenue. We can prepare and submit accurate excise tax returns on your behalf before the filing deadlines. This ensures you avoid penalties for late or missing returns.
Benefits of Working with Us
By working with our excise tax consultants, you benefit from our specialized expertise and understanding of UAE excise tax regulations. Our services help simplify compliance and minimize tax exposure for your business. Some key benefits include:
Timely advice and guidance on all aspects of excise tax applicability and compliance
Accurate calculation of excise tax payable/refundable amounts
Handling all excise tax return filing processes hassle-free
Representing your interests effectively with tax authorities in case of disputes
Real-time updates on regulatory changes impacting your excise tax obligations
Why Choose BAM Advisors?
Being one of the best accounting companies in Dubai, we are well-versed in the tax system in the United Arab Emirates. Our team of committed excise tax experts has years of expertise counseling clients locally and internationally on all excise tax issues. You may rely on us to use our professional advice to optimize tax savings options for your company. When working with clients, we aim to provide them with personalized attention, honesty, and openness.
Get in Touch for an Excise Tax Consultation
Does your business deal in excise-taxable goods or services? Speak to one of our tax experts today to understand how we can handle your excise tax compliance needs efficiently. We provide cost-effective solutions tailored to your specific business requirements!
