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Tulpar Global Taxation

info@tulpartax.com

Excise Tax Consultancy

Excise Tax Consultancy

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

The purpose of levying excise tax is to reduce the consumption of unhealthy and harmful commodities as well as to raise revenues for the government that can be spent on beneficial public services. Ultimately, consumers need to pay more for goods that are harmful to human health or the environment.

Under the UAE Federal Decree-Law No. 7 of 2017 on Excise Tax, it is the responsibility of a business to register for excise tax. 

It is advisable that a Taxable person engaged in activities relating to excise goods such as tobacco products, carbonated drinks, and energy drinks should empower an audit firm to get professional advice on Excise Tax issues.

Tulpar is one of the leading accounting, tax, and bookkeeping services providers, which provides excellent excise tax advisory services in UAE to its clients and ensures that the clients comply with the tax law.

Who Should Register for Excise Tax?

The companies that are engaged in the following areas are to Register for Excise Tax: –

  • 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
  • A warehouse keeper who is responsible for overseeing an excise warehouse or designated zone.