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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 UAE implemented excise duty on October 1, 2017, as part of its commitment to encouraging healthy lifestyles and environmentally friendly choices.

The Federal Tax Authority (FTA) was established to monitor the administration and enforcement of excise levies, guaranteeing adherence among companies that deal with excisable goods. Ensuring compliance with excise tax legislation in the fast-paced UAE market is essential for your company’s legal standing and edge over competitors.

All enterprises in Dubai that deal with excisable commodities, including producers, importers, and excise warehouse operators, need to comply with excise duty.

How can Transacle help you?

  • Transacle specialises in providing top-tier excise tax consultancy services in Dubai, geared to guarantee your company remains compliant with UAE requirements.

  • Transacle provides a variety of excise duty consultation services, such as excise tax rate planning, declaration consulting, excise duty training and awareness, and excise tax registration and filing.

  • Our excise tax professionals guide businesses on all aspects of the excise process to help them enhance their taxation compliance. 

  • Transacle assists businesses in understanding and meeting their excise tax advice requirements in compliance with FTA guidelines.

  • We also provide excise tax training to employees, executives, managers, and financial professionals to help them fully understand the tax.

  • Our approach ensures you comply with all regulatory standards, avoid penalties, and can completely focus on business growth.

Contact us right now!

Contact us for a consultation to see how we can help you meet your excise duty compliance requirements, protecting your business and propelling it forward in the UAE market.

FAQ

Frequently Asked Questions on Excise Tax in the UAE

The excise tax rate in the UAE varies depending on the goods being sold. 

- 100% on tobacco products, energy drinks, and electronic smoking devices

- 50% on carbonated drinks and sweetened beverages

- 50% on other specified harmful products, such as certain beverages

Failure to comply with excise tax legislation can result in serious consequences, including fines and legal action. The Federal Tax Authority (FTA) performs audits to guarantee compliance, and enterprises found in breach may face penalties such as fines of up to AED 50,000 or legal action affecting their ability to operate.

Yes, companies can recoup excise taxes paid on items exported from the UAE. To reclaim excise duty, businesses must produce documentation of export and guarantee that the goods being exported fulfil all FTA criteria.

Companies offering excisable items must:

- Register for excise tax with the Federal Tax Authority (FTA).

- Maintain accurate records of the production, import, and sale of excisable goods.

- Submit regular excise tax returns to the FTA.

- Ensure timely payment of excise taxes due.

Excise tax returns are normally filed quarterly. Businesses must file their returns and pay any applicable taxes within 15 days after the end of each quarter.

Ask Your Questions Here

If you have any more queries or want specific assistance, please contact Transacle. Our professionals are ready to assist you in overcoming the difficulties of excise tax compliance and ensuring that your firm complies with UAE regulations.

Transacle offers swift and trustworthy excise duty services in Dubai, ensuring that businesses follow UAE excise legislation, avoid fines, and safeguard their legal standing in the competitive UAE market.

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