Excise duties are levied on certain goods and services to control harmful activities in a country. Entities are required to register on the FTA’s online portal. It is important to comply with all legal requirements to produce excisable goods in the United Arab Emirates. Excise tax registration in UAE is the first step towards excise duty compliance.
However, it is a critical procedure as a small error in the application can result in heavy penalties from the regulatory authorities. BestaxCA’s tax experts can assist you throughout the procedure in accordance with the relevant provisions of the law.
Excise duty is a tax on specific goods, levied at the time of production or importation of the goods. Excise tax duty registration has been launched in the UAE on 17 September 2017. According to Article 1(1) of Federal Decree-Law No. (7), a taxable company or its legal representative is required to register for UAE excise tax. In the United Arab Emirates, any company importing, manufacturing, or stockpiling excisable goods or releasing them from a designated area is required to register for excise tax duty.
The Federal Tax Authority has introduced an electronic excise goods registration system in the UAE. Online form together with supporting documents submitted on the FTA official portal. You can also look into other official records. The following are the reporting requirements for the registration of excise goods:
Our excise tax experts in Dubai are competent to follow this latest excise registration UAE under the excise laws. We prepare and ensure that all required information is accurate and up-to-date.
According to the provisions of Article 12(1) of the Executive Decree of the Excise Tax Law, the following companies are exempt from excise tax in the United Arab Emirates.
Also, Check: Excise Tax Return Filing Services In Dubai
There is no threshold for the registration of excise goods. An excise taxpayer can apply for excise tax registration in the UAE and carry out the following activities such as exporting, importing, trading, manufacturing, and storing excisable goods.
To register for excise tax in Dubai, UAE, the following information and supporting documents must be submitted to the Federal Tax Authority:
Since October 2017, all taxable companies are obliged to register with the FTA within the deadline. Companies must apply for excise tax registration in the UAE within 30 days of the company’s incorporation or the date the law comes into force, whichever is earlier. Anyone failing to register in time will be liable to a late registration penalty of AED 20 000. Our professional excise duty advisory services will protect you from late or unsuccessful registration.
Businesses can apply for an excise tax registration form in the UAE through the e-services section of the FTA website.
Bestax Chartered Accountants and Tax Consultants are part of a reputable accounting firm in Dubai. Our dedicated team assists individuals and businesses with excise tax compliance services in Sharjah, Abu Dhabi, Dubai, and all other Emirates. We first analyze the nature of your business, the products you offer, and whether they require excise duty registration.
Our tax experts then prepare and verify all the mandatory information and documents in accordance with FTA standards. They ensure that your process is straightforward and give you the best advice to avoid fines and penalties. BestaxCA has extensive experience in various fields, so you will be proud when you use our excise tax registration services in UAE. We always provide cost-effective solutions for each of our clients and 100% satisfaction. Contact us now for tax advice!