VAT Services
Since the commencement of excise tax in the UAE in 2017, anyone doing business with specific products that are considered harmful to human health and the environment has been required to pay a tax to the government. Tobacco, energy drinks, carbonated drinks, and other products classified as excise goods are subject to the excise law. Reyson Badger is a renowned accounting and bookkeeping organization in the UAE that provides excise tax consultancy services to assist businesses with tax audits and payments. You can verify that the reported excise tax liability is accurate and filed to the authority within the timeframe specified by the tax authority by using competent tax consulting services.
Excise tax is a type of tax that is imposed on the sale of certain goods and services. It is usually levied by the federal, state, or local government and collected from companies directly. Excise taxes are typically used to fund public works such as roads and schools, or to discourage people from buying certain items such as cigarettes and alcohol.
Excise tax advisory services in Dubai, UAE are designed to help businesses understand and comply with the taxation laws of the country. Excise Tax is a form of indirect tax imposed on certain goods and services to ensure that they bear their fair share of taxation. It is a form of consumption tax that is typically charged on specific items such as tobacco, alcohol, fuel, or luxury items. In Dubai, excise taxes apply across a range of industries from oil and gas production to telecommunications, travel, and tourism sectors.
For businesses operating in these highly regulated industries, understanding the requirements for determining the amount payable for excise taxes can be challenging. To ensure compliance with all legal obligations relating to the payment of excise taxes in Dubai, many businesses now employ professional advisors who specialize in offering advice on tax liabilities for various products and services available within the UAE market.
Excise tax is an indirect tax paid on certain commodities known as "excise goods" that are often damaging to human health or the environment. In 2017, the excise tax was implemented across the UAE.
The goal of imposing an excise tax is to discourage the use of unhealthy and hazardous goods while also raising cash for the government to spend on useful public services. Consumers will have to pay more for things that are damaging to human health or the environment in the long run.
It is the responsibility 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.
It is recommended that a Taxable person who engages in activities involving excise items such as tobacco, carbonated beverages, and energy drinks hire an audit firm to provide competent guidance on Excise Tax concerns.
Reyson Badger is one of the top accounting and auditing services providers in the UAE. We offer great excise tax advisory services to our clients and guarantee that they follow the law.
Reyson Badger is a renowned name in the field of excise tax advisory services in Dubai, UAE. We are a highly experienced and qualified team of professionals dedicated to helping businesses and individuals to understand, plan, and implement effective strategies for managing their Excise Tax obligations.
The Reyson Badger team provides specialized advice on all aspects of Excise Tax compliance, including understanding how to calculate the correct amount due; how to register with the Federal Tax Authority; file returns correctly; and understand exemptions, deductions, credits, and other related matters.
Our expertise also covers providing consultancy services on the optimum utilization of resources for efficient management of taxes due to government authorities. We guide clients through all stages – from preparing necessary documents for registration to the final completion of payment processes using appropriate channels such as direct debit or credit card payments.
There are many documents required to be maintained for excise tax records, returns, and reconciliation. The whole process can be daunting as you need to also stay updated on the latest amendments and rules. We at Reyson Badger can help you avoid penalties by maintaining your tax records as per the law.