Excise taxation advisory service
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Excise Tax Advisory
Do you want to learn more about excise tax in Dubai? Innovex can help.
Products that affect human health and the environment, such as cigarettes made with locally grown tobacco leaves and electrically heated smoking devices (rather than traditional pipes and chewing gum), are subject to excise tax. Dubai and the rest of the UAE started levying this indirect tax in 2017 to reduce the consumption of goods harmful to humans while generating revenue that can fund public services.
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Innovex Tax Consultant Co. is a renowned accounting and bookkeeping organization in the UAE that provides excise tax registration services in Dubai and assists businesses with tax audits and payments. With assistance from our competent tax consultants, you can ensure that your reported excise tax liability is accurate and your returns are filed within the timeframe specified by the tax authority.
What goods are subject to excise tax?
What goods will necessitate excise tax registration in the UAE? You can use the following as a general guideline:
What goods are exempt from excise taxes?
The following goods are not subject to excise tax:
Which companies must register for excise tax in Dubai?
Excise registration is legally mandated for the companies that handle or are part of the supply chain for excisable goods released for consumption in the UAE. These include the following:
Excise registration is legally mandated for the companies that handle or are part of the supply chain for excisable goods released for consumption in the UAE. These include the following.
Excise taxes are levied primarily to reduce the consumption of unhealthy products and discourage the sale of harmful goods like cigarettes and sweetened products. They also accomplish the following:
According to Cabinet Decision No. 52 of 2019, the following are the applicable excise tax rates in the UAE:
It’s best to work with a company that provides excise tax registration service in the UAE to ensure a smooth registration, full legal compliance, accurate excise tax liability calculations, and timely filings. You can use the following list of requirements as a general guideline on what documents you must prepare prior to registration:
The UAE Federal Tax Authority is the government agency that administers, enforces and collects federal taxes, including excise taxes. It has the following duties and characteristics:
The FTA has the authority to charge penalties on those who don’t abide by the federal government’s tax laws. The following are some of the excise-tax-related penalties it may impose:
Excise Tax Advisory Services in the UAE
Innovex can help you avoid unnecessary financial and reputational damages due to noncompliance with excise tax laws. We can help you maintain a strong relationship with local and regional customs through our extensive industry and consultancy experience. The following are some of the services we provide: