Excise Tax
With
effect from October 1st, 2017, the UAE government implemented the Excise Tax
Federal Decree Law – No 7 of 2017. Later, with effect from 1st December 2019
additional products came under the purview of excise tax vide Cabinet Decision
No 52 of 2019. UAE’s Federal Tax Authority (FTA) introduced an electronic
system that allows businesses to register excise goods and meet reporting
requirements pertaining to Excise Tax. Businesses are required to submit
declarations to showcase transparency in the movement of goods falling under
the canopy of excise.
Companies
seeking assistance in navigating their Excise Tax Compliance journey can
leverage our services as our team of tax experts help with Excise Tax advisory
and implementation support.