Excise tax is levied on certain products for the purpose of controlling any harmful business in the UAE. Our tax experts will help you with the excise tax registration through the FTA’s online portal which is considered the first step towards excise compliance. Failure to do so will result in heavy fines and penalties from the authorities. Our tax experts will assist you with this entire procedure keeping in mind all the provisions of the UAE tax law.
The registration for Excise Tax was imposed in the country on September 17th, 2017. According to the Federal Decree-Law, any taxable business or legal representative should register for excise tax especially those related to production, importation, trading, manufacturing, exporting, and stockpiling of excise goods.
Our tax experts will coordinate with you to complete the excise tax registration process online via the e-services section on the FTA website. Once we help you create an account, we initiate the excise tax registration form and fill in all the required details. Once it is done, we submit it for approval.
The online form must be submitted along with the supporting documents on the official portal of FTA. Some of the requirements for excise tax registration include-complete details of all excise goods, marketing details like images, videos, and pamphlets, pricing for products, product laboratory tests, product manufacturing ingredients, and so on. Our tax experts will prepare and ensure all your information and records will be up to date and accurate as per excise tax laws.
The documents to keep in mind include Emirates ID and passport copy of the owner or manager, bank details, trade license copy, authorized signature documents, certificate of incorporation, and so on. Some other business details required include custom authority registration details, TRN number, issued customs number, details of the excise taxpayer, and so on.
According to Cabinet Decision No. 52 of 2019 on Excise Goods, the excise tax rates include-100 percent on energy drinks, electronic smoking devices, tobacco products, liquids used in such devices and tools, 50 percent on carbonated drinks, products with added sugar or other sweeteners, sweetened drinks, and so on.
At Goviin Bookkeeping Services, we analyze the nature of your business activity and take the necessary decisions accordingly. With a wide experience in diverse fields, our experts will assist you with all your organization’s tax accounting and excise tax services. Our main priority is to give maximum satisfaction to all our clients and help finish all the excise tax procedures from start to finish.
Our dedicated team helps businesses in excise tax-related services all over the UAE by preparing and reviewing all mandatory information and documents according to the FTA standards. They will give you the best advice to make your process hassle-free and avoid major penalties and fines.
If you need further guidance on how to register for excise tax, contact our experts directly! We are more than happy to assist you in this process.