Excise Tax in UAE
Excise Tax is a form of indirect tax levied on specific goods. These goods are typically those that are harmful to human health or the environment.
The UAE, Excise Tax is currently applied on the following goods:
• Tobacco and tobacco products
• Liquids used in electronic smoking devices and tools
• Electronic smoking devices and tools
• Carbonated drinks (note that this excludes sparkling water)
• Energy drinks
• Sweetened drinks.
The intent of Excise Tax is to reduce consumption of these commodities while also raising revenues for the government that can be spent on public services. All businesses that import, produce or release excise goods from a designated zone must consider their registration requirements and compliance responsibilities related to filing and paying Excise Tax.
Why Choose Us
Our global network have been advising and implementing strategies to help organizations comply with their VAT obligations and reduce VAT liabilities and particularly for clients without full VAT recovery.
- Identification of relevant VAT law clauses.
- Impact assessment of VAT on the current accounting cycle.
- Impact assessment of
- VAT on Procurement & Supply chain.
- VAT coding of accounts payables & receivables.
- VAT impact on the Contracts.
- Giving VAT Training Certificates.
- VAT consultancy under the name of L E A Consultants
For more Details contact us https://dxbtaxes.com/
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