Excise TAX Advisory Services

Excise TAX in UAE

Excise tax has been introduced in the UAE and it is essential all the businesses dealing in Excise goods are registered for Excise Tax with FTA and the TRN for excise tax is also obtained by the businesses.

The objective behind issue of excise tax in the UAE was to increase the revenue of the UAE government and also to discourage the use of products that are harmful for human health. Excise tax is basically levied only on the goods that are harmful for the human health. At present, the excise tax is applicable on the below products at below rates:

Tobacco products – 100%

Energy drinks – 100%

Carbonated drinks – 50%

At present, there are no threshold limits for registration for excise tax. However, any business that intends to deal and operate in the excise goods must get themselves registered for excise tax under FTA. Reyson are experienced Tax consultants in the UAE that provide expert inputs regarding all the excise tax queries and concerns.

Due to the implementation of excise tax in the UAE, the price paid by the end consumer at the time of consumption of excise tax has increased. The customer needs to pay more for the excise tax and the motive behind is to reduce the usage or consumption of the excise goods and contribute towards the health and well-being of individuals residing in the UAE. The increased revenue of the government due to excise tax is an added advantage for the government of UAE.

As excise tax is new for the businesses, it becomes essential to take advice of the experts on how to proceed with the registration, what needs to be paid and how the excise tax will be paid to the government authorities. The professional team at Reyson is well aware of the basic requirements and procedures that needs to be followed by the businesses dealing in excise tax. Reyson will help your business for all excise tax related concerns.