With the introduction of Excise tax, The Federal Tax Authority (FTA) is entitled to conduct and review the tax audit of a taxable business entity either at the registered office of the taxable entity or at the FTA offices for audit proceedings. Our team of professionals will identify areas of tax non-compliance that might set a roadblock for your operations so we will help you deal with your excise tax services in the best possible way.
Our reputed group of tax consultants and accountants are your trusted guardians in making sure you are well prepared with regard to a detailed Excise Tax Audit. We understand the obligation of every business firm to abide by UAE’s financial laws. It is challenging for organizations to keep up with all the provisions of the VAT and Excise regulations. By taking all this into consideration, our trusted advisors conduct a thorough examination to identify any loopholes and undertake the necessary financial measures to avoid any errors. We also play a key role in helping your business maximize its strategic business objectives.
Our specialized excise advisory services aim to meet the financial needs of any business penetrating the UAE’s economic market. We assist companies by managing all the queries raised excise tax registration process. Our advisory services include-
- Keep all the records and supporting documents of all imported, stockpiled excise goods and services.
- Detailed evidence records of excise products that are sold outside the UAE.
- A detailed record of excise goods that are either destroyed or lost.
- Tax records regarding the tax due amount on certain excise goods that are imported into the UAE.
- Tax records regarding the tax due amount on certain excise goods that are manufactured in the UAE.
- All the supporting documents related to the exportation of the excise goods outside the UAE.
- A physical inventory detailed record is held by the taxable entity or business.
- Tax records regarding the tax due amount on certain excise goods that are produced or purchased for the purpose of stockpiling.
- Maintain all the documents of the registered taxable entity as per excise law in the UAE.
Managing Excise Taxes and the need to come up with effective strategies to mitigate their impact is crucial for all businesses so our knowledgeable team will help you with the technical and practical guidelines for dealing with all this. Our team of trusted excise advisors will invariably be by your side at the time of the audit, bringing a sense of calm in chaos during this stressful phase. We will ensure that you are in the best space to undertake any future course of financial actions for your business.
You can reach out to our friendly team of advisors anytime and we will be happy to guide you further on the subject matter!