Each firm in UAE which is overseeing separate products (carbonated drinks, jazzed drinks, tobacco and tobacco things, e-cigarettes and sugar-further developed rewards) ought to be enrolled with Federal Tax Authority (FTA). They are supposed to stay aware of records of all their accessible trades as per the FTA's principles on extricating. The endless records of concentrate stock should be stayed aware of unequivocally and as soon a potential to avoid disciplines or fines.
Excise tax declarations are needed to be filed in order to state the excise goods and pay the excise tax. Eligible entities are required to register for excise tax via the FTA website. The tax period for excise tax return filing is one calendar month and the return must be filed via the FTA online portal within 15 days following the termination of the pertinent tax period. A payment of the due tax must be done to FTA no later than the 15th day following the end of a calendar month.
It is extremely necessary for any business operating in the UAE to register for excise tax purposes and take direct steps to become compliant with the Excise Tax Law and its Executive Regulations.
We provide full-fledged assistance to businesses comply to Excise tax regulations perfectly.
Our dedicated team helps clients manage Excise Tax and adhere to the regulatory guidelines. We aim to prevent compliance failures and ensure that our clients are always protected from any potential non-compliance risks.