Excise tax is an indirect tax imposed on certain goods that are harmful to the public health or the environment, like tobacco products, energy drinks, and carbonated drinks. In the UAE, companies engaged in importing, manufacturing, or warehousing excise goods must register for excise tax and meet the filing requirements.
In the UAE, businesses must file their excise tax returns every month. Each tax period covers one calendar month. They need to submit their tax return and pay the tax within 15 days after the month ends. Therefore, for the tax period ending on February 28, 2025, the deadline for Filing Excise Return is March 17, 2025.
It is important to meet deadlines on time to avoid penalties. These may include late filing fees, interest on unpaid taxes, fines, and, in serious cases, legal action.
For the most current information and any updates to the excise tax regulations, businesses should regularly consult the Federal Tax Authority's official announcements page or seek professional advice. Reyson Badger provides expert tax consultation, ensuring compliance with UAE tax laws and seamless excise tax return filing.