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Excise Tax Consultancy Excise Tax Consultancy in the UAE Excise duty is an indirect tax paid on the manufacture, sale, and import of certain commodities that are regarded as harmful to public health and the environment. This encompasses items like electronic smoking devices, sweetened beverages, carbonated drinks, energy drinks, petroleum products, alcohol, and beer. The …
Reconsideration – penalty waiver : Excise Tax Excise Duty Penalty Reconsideration in UAE The United Arab Emirates levies excise duty on some products produced, imported, or stored within its borders. The Federal Tax Authority (FTA) monitors the execution of these obligations by existing rules. Non-compliance with UAE excise duty legislation may result in penalties. However, …
Product Registration : Excise Tax Product Registration and Excise Tax in the UAE Businesses operating in the UAE must register their products and comply with excise taxes. To sell items in the UAE, enterprises must first register them with the Emirates Conformity Assessment Scheme (ECAS), which ensures that the products fulfil safety and quality requirements. …
Return Filing : Excise Tax Excise Tax Return Filing in the UAE Filing excise tax returns can feel challenging. To ensure compliance and avoid penalties, returns must be filed on time and accurately. Understanding the complexities of excise tax legislation is vital for effective return preparation. To achieve seamless compliance, companies must comply with filing …
Deregistration : Excise Tax Excise Tax Deregistration in the UAE Excise tax was introduced in the United Arab Emirates in October 2017 to limit the adverse effects of specific items on human health and the environment, including energy and sweetened drinks, alcohol, and cigarettes. Companies manufacturing such items must register for excise duty. However, if …
Registration : Excise Tax Excise tax registration Excise tax is a government-imposed levy on specific products, often considered harmful to health or the environment. Businesses producing or importing these goods within the UAE must register for excise duty with the Federal Tax Authority. Excise tax registration is mandatory before commencing any excise-taxable activities. This requirement …
Corporate Tax Consultancy Corporate Tax Consultancy in the UAE The UAE has recently introduced a corporate tax regime in addition to VAT. The new system, which imposes tax rates ranging from 0% to 9%, went into effect on June 1, 2023. This approach adds an aspect of monetary responsibility, requiring careful preparation and implementation. This …
Corporate Tax Planning Corporate Tax Planning Services in the UAE The corporate tax regime became effective on June 1, 2023, affecting the vast majority of businesses in the UAE. This change reinforced the country’s commitment to creating a transparent and fair economy, as well as its status as an internationally competitive and investor-friendly location. All …
Corporate Tax Return filing Corporate Tax Return Filing Services in the UAE Corporate Tax Return Filing is the process of reporting taxable revenue generated during a fiscal year to the UAE tax authority. This legal obligation applies to all business activities, excluding natural resource extraction, encompassing commercial, industrial, and professional operations. As the UAE economy …
Corporate Tax Registration Corporate Tax Registration in the UAE The new corporate tax scheme has been in place since June 1, 2023. This strategic change integrates the UAE with worldwide tax norms, lowering compliance costs for enterprises while providing strong protection for small businesses and start-ups. According to Younis Haji Al Khoori, Deputy Minister of …
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