Tax & VAT
Excise Tax
Starting with October 2016, the financial authorities in the UAE have implemented an excise tax of 50% rate on tobacco products and carbonated drinks. These are considered unhealthy products which are already levied with the 5% VAT in 2018. One should know that the excise tax was implemented in the countries part of GCC (Gulf Cooperation Council).
UAE businesses on VAT or excise tax will now face heavy penalties by Voluntary disclosuresUAE businesses on VAT or excise tax will now face heavy penalties by Voluntary disclosures From now on, even voluntary disclosures will be treated as a late payment issue. Businesses cannot get…Read article Excise Tax Registration in the UAEExcise Tax Registration in the UAE Excise tax Excise tax was introduced across the UAE in 2017. Excise tax is…Read article FTA publishes Excise Tax Public Clarification on StockpilingPublic Clarification on Stockpiling Excise goods Registration is open for eligible entities The United Arab Emirates (UAE) Federal…Read article
Need expert help?
Turn insight into action.
Speak with a UAE audit, tax & accounting specialist — free, confidential and obligation-free.