An excise tax is an indirect tax levied by the government on specific goods that are harmful for the people or the environment. The excisable goods will be taxable upon their manufacturing, import or stockpiling in the UAE. The main aim of the UAE Govt with the implementation of Excise Tax is to minimize the consumption of products harmful to the body and to reduce the impact it has upon the people.Â
The process of identifying, recording and maintaining the excisable transactions of a company can be a tedious task. Often companies find it difficult to calculate and file their excisable returns. Our Expert Tax Agents can help companies with this complicated process and save valuable time.
We can help companies to register for Excise Tax by carrying out all the registration processes and the communications with the FTA that takes place during this process.
Unlike excise tax registration, SKU registration is done through a different channel called Brand-Sync. Our experienced agents can make the process of product registration easier, simpler and less time consuming .
For companies seeking to register as Designated Zone, we provide guidance on how the client will qualify as a Designated Zone for excise purpose. The registration as Designated Zone and implementation of proper accounts and inventory recording system for the Designated Zone will also be carried out by R&A.
A Warehouse Keeper is any person who has been registered with and approved by the FTA to supervise a Designated Zone. We can help companies to register as a Warehouse Keeper.
The process of filing excise tax return can be complicated as it involves filling out multiple forms. R&A can carry out all the processes on behalf of the company and ensure that excise tax returns are carried out regularly and with ease.