Excise Tax Registration

Let's Start Registration for Excise Tax!

Anyone who plans to conduct business in the UAE that produces, stockpiles or imports excise items must register with the excise tax authority. Companies must register for the Federal Excise Tax UAE within 30 days of their establishment or the law's implementation date, whichever comes first. Until a company is registered for excise tax in the UAE, it cannot engage in any excise product transactions. Even though a company is not a manufacturer or importer of excise items, it may be needed to register for excise tax in the UAE. If you started your firm before the establishment of the UAE federal excise tax, you are a stockpiler of excise items. The third scenario is if you're selling excise items out of a Designated Zone but aren't registered for UAE Excise Tax. Reyson Badger is one of the UAE's major accounting and auditing service providers, providing streamlined Excise tax registration services.

Businesses that import, produce, stockpile, or release excise goods from a UAE designated zone are required to register for excise tax. Reyson badger provides the best excise tax services in Dubai, UAE.

Every business that engages in the following activities is responsible for excise tax:

• Excise items that are imported into the UAE.
• Manufacturing excise goods for consumption in the UAE
• Stockpiling excise items in the UAE.
• Excise products are released from a designated zone.

Excise Tax in Dubai, UAE

Excise tax is an indirect tax paid on certain commodities known as "excise goods" that are often damaging to human health and the environment. In 2017, the excise tax was implemented across the UAE.

The goal of levying an excise tax in the United Arab Emirates is to discourage the intake of unhealthy and hazardous goods while also raising cash for the government to spend on useful public services.

It is the duty of a business to register for excise tax under UAE Federal Decree-Law No. 7 of 2017. The deadline for company registration was November 30, 2019. The registration deadline for stocks is January 15, 2020.

Products that are registered as excise goods

• Carbonated drinks including aerated beverages except for unflavored aerated water
• Energy drinks include beverages that are marketed and sold as energy drinks and contain stimulant substances that provide mental and physical stimulation.
• Tobacco and tobacco products
• Electronic smoking devices
• Liquids used in such devices
• Sweetened drinks.

Rate of excise tax in Dubai, UAE

As per cabinet decision No.52 of 2019 on Excise Goods, Excise Tax Rates and Methods of Calculating the Excise Price here is the rate of excise tax.

• 50% on carbonated drinks
• 100% on tobacco products
• 100% on energy drinks
• 100% on electronic smoking devices
• 100% on liquids used in such devices and tools
• 50% on any product with added sugar or other sweeteners.

Reyson Badger for Excise Tax Registration Services in UAE

Reyson Badger will assess your firm to see whether you need to register for tax and will make the necessary decision. We have a team of qualified tax professionals in the UAE who can help you with excise tax and other tax accounting services. They have significant experience in a variety of sectors. Reyson Badger tax experts will assist you throughout the process to ensure that you abide by the law. They will assist you in submitting all of the essential documents for the tax registration process and will relieve you of your concern.

Aside from excise tax registration services in Dubai and the UAE, Reyson Badger also provides CFO, Auditing, Accounting & Bookkeeping, Accounting Software, Due Diligence, and other professional services.

Feel free to contact us. Our team of tax consultants will give you a one-hour free consultation…!!!