Excise Tax UAE Quick and Easy Guide
Are you a business that is required to register for excise tax UAE?
If so, you need to act fast. The deadline to register is approaching, and there are penalties for late registration. In this article, we will walk you through the excise tax registration process in UAE, step by step. We will also cover the requirements, deadlines, penalties, and fees. So, whether you are a new business or an existing business that is expanding its operations, read on to learn everything you need to know about excise tax registration in the UAE. The following businesses are required to register for excise tax in UAE:
- Businesses that import excise goods into the UAE.
- Businesses that produce excise goods in the UAE and release them for consumption in the UAE.
- Businesses that stockpile excise goods in the UAE in certain cases.
- Businesses that release excise goods from a designated zone.
Excise goods are goods that are subject to excise tax in the UAE. The excise tax rates vary depending on the type of excise good. For example, the excise tax rate for cigarettes is 100%, while the excise tax rate for alcohol is 50%. The deadline to register for excise tax in UAE is March 31, 2024.
Businesses that fail to register by the deadline will be subject to penalties. The penalties for late registration can be significant, so it is important to register on time. If you are a business that is required to register for excise tax in UAE, you can Register online through the Federal Tax Authority (FTA) website The documents required to register supersleep for excise tax in UAE vary depending on the type of business. However, excise tax registration requirements in UAE include:
- A copy of the business’s trade license.
- A copy of the business’s Emirates ID or passport.
- A copy of the business’s bank account details.
- A letter from the business’s auditor stating that the business is compliant with all applicable laws and regulations.
- A copy of the business’s excise goods inventory.
If you are not sure what documents are required for your business, you can contact Ahmed Mahfoudh Chartered Accountants & Auditors for assistance. Excise tax registration process in UAE You should know the excise tax registration process in UAE to avoid delays and complications. The excise tax rates in the UAE vary depending on the type of excise good. The following are the current excise tax rates in the UAE:
- Cigarettes: 100%
- Alcoholic beverages: 50%
- Energy drinks: 100%
- Tobacco products: 100%
- Sweetened drinks: 50%
The excise tax rates are applied to the value of the excise good, excluding any taxes or duties. For example, if a pack of cigarettes costs AED 20, the excise tax payable AED 20 x 100% = AED 20.
Excise Good for Consumption in UAE The excise tax is payable by the person who imports, produces, or releases the excise good for consumption in UAE.
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Businesses that are required to register for excise tax in UAE will be issued an excise tax registration certificate. This certificate will specify the excise goods that the business is registered to trade in and the excise tax rates that apply to those goods. Businesses that fail to pay the excise tax on time will be subject to penalties. The penalties for late payment can be significant, so it is important to pay the excise tax on time.