Excise Tax Registration Services in Dubai UAE

Excise Tax Registration in UAE:

Excise Tax is a form of tax applied on demerit goods (goods that cause harm when consumed) i.e; Cold drinks, tobacco products & alcohol. The excise tax rates vary depending on the good, but it is at a very high 50% ~ 100% tax rate on average. This is implemented in order to discourage producers from making demerit goods and discourage people from buying demerit goods due to the higher- than-average price.

Who is Subject for Excise Tax in UAE?

There are four kinds of businesses that must pay Excise Tax:

Businesses that import demerit goods into the UAE.

• Businesses that produce demerit goods in the UAE.
• Businesses that stockpile demerit goods in the UAE in certain cases.
• Businesses that release demerit goods from a designated zone.

Documents needed for Excise Tax Registration in UAE:

The documents needed are the copies of:

• The business’s trade licence.
• The owners and shareholders’ Emirates ID or Passport.
• 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.
• The business’s excise goods inventory

Businesses that are required to register for excise tax in UAE will be issued an excise tax registration certificate

How can Mubarak Al Ketbi Chartered Accountants help you in registering for Excise Tax in the UAE?

One of the leading accounting & auditing firms in the UAE is Mubarak Al Ketbi Chartered Accountants. We have over 20+ years of experience with over 2000+ happy customers. We provide services in accounting, auditing, liquidation, corporate tax & more. Contact us today, and we guarantee you with an excellent experience