EXCISE TAX COMPLIANCE

Excise tax was introduced across the UAE in 2017. Excise tax is a form of indirect tax levied on specific goods which are typically harmful to human health or the environment. These goods are referred to as “excise goods”.

The UAE Government is levying excise tax to reduce consumption of unhealthy and harmful commodities while also raising revenues for the government that can be spent on beneficial public services.

Excise tax was introduced across the UAE in 2017. Excise tax is a form of indirect tax levied on specific goods which are typically harmful to human health or the environment. These goods are referred to as “excise goods”.

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The UAE Government is levying excise tax to reduce consumption of unhealthy and harmful commodities while also raising revenues for the government that can be spent on beneficial public services. Under the UAE Federal Decree Law No. 7 of 2017 on Excise Tax, registering for excise tax is the responsibility of any business engaged in:

• The import of excise goods into the UAE
• The production of excise goods where they are released for consumption in the UAE
• The stockpiling of excise goods in the UAE in certain cases
• Anyone who is responsible for overseeing an excise warehouse or designated zone i.e. a warehouse keeper.

We at Vinstreak helps you register your LLC in UAE

FTA is committed to providing extensive support and guidance to assist with this; however, the responsibility lies with the business to make sure that any required compliance obligations are fulfilled.

FTA has the power to conduct audits of taxable corporates and subsequently impose penal measures on those that do not comply with the law.

We help you register and comply to all Excise Tax Compliance in the UAE.