Excise tax in UAE
An excise tax is a kind of indirect tax levied on the sale of a certain commodity. If these goods are imported into the UAE, manufactured in the UAE, or stored in the UAE, they are taxed. Products that are harmful to people or the environment are subject to an excise tax. The major goal of the excise tax is to minimize the consumption of certain specific commodities in order to limit harmful practices.
Ever since VAT has been introduced in UAE, it is mandatory to process to carry out any business that involves excise goods.
A person must register and pay excise tax if they are involved in the following activities
- Importing excise products
- Manufacturing excise goods
- Transferring excise products out of a Designated Zone
- Storage of excise goods in the ordinary course of business
- Selling excise goods in the UAE. The excise tax will be borne by the seller and the tax amount will be included in the total sale price of the excise product.
Excise Registration process
- Applicant must file a few details for registration in Excise Tax Registration in UAE, which are:
- Applicant details include name, detail of residency, and other legal details.
- Contact details of the applicant
- Banking information
- Declaration – depending on what type of business and excise goods you are dealing with; it must be submitted.
- Business information including- the role of the business operates, name, address of the business, and other valid details
- Your role in the business, including whether you are a manufacturer, importer, or anything related.
- Details of the goods that you will be dealing with
- If you are importing excise goods, you will require the Customs Authority registration number.
- Details of excise rules if you are a registered excise taxpayer in another GCC state.
- Registration of the excise goods in the FTA brand sync for international GTIN.
The next step is to have all of the documents verified by an experienced CA or other qualified expert. Before submitting the document for registration, the applicant must verify every document.
After the document has been verified, it will be passed on to the appropriate authorities, and this is the most crucial and time-consuming procedure.
The authority will double-check that every document is relevant and correct. If the document is found to be in a satisfactory state, the authorities will allow the registration.
Paying and Excise Tax Registration in UAE is mandatory.
Why Us
Each document is thoroughly checked and verified by our team of competent experts. Registration will take less time if all of your documents are accurate.