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Excise Tax Reconsideration Application

Any person can apply to FTA to reconsider any decision within 20 business days from notification of the decision. The applicant must provide reasons to appeal a decision. FTA will review the decision and issue a new one within 20 business days from receipt of the application and must inform the applicant within 5 business days of issuing the decision. Reconsideration FormThe first step in the process is to request the FTA to review its decision. The company must file the reconsideration form within 20 business days from the date of the original FTA decision was made. The FTA will also have to respond to the reconsideration application and provide a revised decision within 20 business days.Tax Disputes Resolution Committee Federal Court LitigationIn late 2018, the FTA announced that they will no longer entertain reconsideration applications in any language other than Arabic. Now, application for reconsideration and all supporting documents must be in Arabic.Moreover, all the liabilities towards FTA including unpaid Taxes or penalties must be settled before submitting a reconsideration form.Legal knowledge is critical in these applications so it is recommended for business owners to work with specialists or consultants to help you through the process. The VAT advisors at VAT BOX in dealing with the FTA regarding Reconsiderations and appeals. We can help you bridge the language barrier and file a reconsideration to the authority.In case a taxable person is not satisfied with the revised decision, he can use his right to object to the Tax Disputes Resolution Committee. The application must be submitted in 20 business days from the revised decision of FTA. The Tax Disputes Resolution Committee then responds to the application within 20 business days.If the taxable person is not satisfied with the Tax Disputes Resolution Committee decision, then it has the right to appeal in the competent court. The court is where the decision remains unchallenged. The appeal has to be made within 20 business days after the Tax Disputes Resolution Committee decision is conveyed.Moreover,The Excise Tax related Services we provide to our customers flexible and cost-effective. These emerging services with the cost-effective measures are not easy to found. Our clients realize it and  they come towards us to attain Tax Return filing  and accounting services. Our services are comprised of various benefits along with the magnificent features that include dedicated accountants and Tax consultants For any queries on VAT or tax consultation for companies in the UAE, VATBOX is one of the leading Accounting and Audit firm in UAE can help you with your Accounting and Tax services. Do contact us.

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Excise TRN Registration

Businesses required to register for excise tax Under the UAE Federal Decree Law No. 7 of 2017 on Excise Tax, registering for excise tax is the responsibility of any business engaged in: the import of excise goods into the UAEthe production of excise goods where they are released for consumption in the UAEthe stockpiling of excise goods in the UAE in certain casesanyone who is responsible for overseeing an excise warehouse or designated zone i.e. a warehouse keeper. FTA is committed to providing extensive support and guidance to assist with this; however, the responsibility lies with the business to make sure that any required compliance obligations are fulfilled. FTA has the power to conduct audits of taxable corporates and subsequently impose penal measures on those that do not comply with the law. How to register for excise tax? Businesses can register for excise tax through the e-services section on the FTA website. However, first, they need to sign up and create an account. For more details about excise tax registration, please read Excise tax registration user guide (PDF) For general inquiries about tax registration and/or application, you may contact Federal Tax Authority through the enquiry form or send an email to info@tax.gov.ae. You can also call on 600 599 994 or 04-7775777. Deadline for registering There is no registration threshold for excise tax; therefore, any corporation who intends to be involved in any of the activities listed above must register prior to the date of introduction, i.e. 1 October 2017, and account for excise tax.Moreover, The Excise Tax related Services we provide to our customers flexible and cost-effective. These emerging measures are not easy to found. Our clients realize it and  they come towards us to services are comprised of various benefits along with the features that include dedicated accountants and Tax consultants For any queries on VAT or tax one of the leading Accounting and Audit firm in UAE can help you your Accounting and Tax services. Do contact us. services with the cost-effective attain Tax Return filing  and accounting services. Our magnificent consultation for companies in the UAE, VATBOX is one of the leading Accounting and Audit firm in UAE can help you with your Accounting and Tax services. Do contact us.

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Excise Return Filing

As a taxable person registered for Excise Tax, you are required to file your Excise Tax Returns on a monthly basis. The due date to file your Excise Tax Returns is the 15th day of each month. How your Excise Tax Returns are calculatedThe calculation of the Excise Tax payable is based on completing the below forms (as applicable):Excise declarations forms (requiring customs clearance) for Importing excise taxable goods and Releasing excise taxable goods from Designated Zones.Note: These forms are to be submitted each time you import or release excise taxable goods from a Designated Zone (requiring customs clearance). The values from these forms are automatically populated into the Returns form when you submit your monthly return.Tax Liability on the production of excise taxable goodsReleasing excise taxable goods from Designated Zones without Customs clearanceNote: These forms are completed once a monthlyA separate form for declaring stockpiled goods is not required, you can manually input the tax due from stockpiling excise goods. This is completed once a month. Excise liability forms for:Excise Tax due on stockpiling of excise goodsDeductible Excise TaxMoreover, The Excise Tax related Services we provide to our customers flexible and cost-effective. These emerging services with the cost-effective measures are not easy to found. Our clients realize it and  they come towards us to attain Tax Return filing  and accounting services. Our services are comprised of various benefits along with the magnificent features that include dedicated accountants and Tax consultants For any queries on VAT or tax consultation for companies in the UAE, VATBOX is one of the leading Accounting and Audit firm in UAE can help you with your Accounting and Tax services. Do contact us.

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Excise Tax Consultation

What is excise tax?Excise tax was introduced across the UAE in 2017. Excise tax is a form of indirect tax levied on specific goods which are typically harmful to human health or the environment. These goods are referred to as “excise goods”. When considering whether a product is an excise good, the following definitions apply: Carbonated drinks include any aerated beverage except for unflavoured aerated water. Also considered to be carbonated drinks are any concentrations, powder, gel, or extracts intended to be made into an aerated beverage.Energy drinks include any beverages which are marketed, or sold as an energy drink, and containing stimulant substances that provide mental and physical stimulation, which includes without limitation: caffeine, taurine, ginseng and guarana. This also includes any substance that has an identical or similar effect as the aforementioned substances. Also considered to be energy drinks are any concentrations, powder, gel or extracts intended to be made into an energy enhancing drink. Tobacco and tobacco products include all items listed within Schedule 24 of the GCC Common Customs Tariff.From 1 December 2019, excise tax will be levied also onelectronic smoking devices and toolsliquids used in such devices and toolssweetened drinks. Rate of excise taxAccording to Cabinet Decision No. 52 of 2019 on Excise Goods, Excise Tax Rates and the Methods of Calculating the Excise Price (PDF, 100 KB), the rate of excise tax is as follows:50 per cent on carbonated drinks100 per cent on tobacco products100 per cent on energy drinks100 per cent on electronic smoking devices100 per cent on liquids used in such devices and tools50 per cent on any product with added sugar or other sweeteners. Purpose behind levying excise taxThe UAE Government is levying excise tax to reduce consumption of unhealthy and harmful commodities while also raising revenues for the government that can be spent on beneficial public services. How will it affect consumers?Consumers will need to pay more for goods that are harmful to human health or the environment.Moreover, The Excise Tax related Services we provide to our customers flexible and cost-effective. These emerging services with the cost-effective measures are not easy to found. Our clients realize it and  they come towards us to attain Tax Return filing  and accounting services. Our services are comprised of various benefits along with the magnificent features that include dedicated accountants and Tax consultants For any queries on VAT or tax consultation for companies in the UAE, VATBOX is one of the leading Accounting and Audit firm in UAE can help you with your Accounting and Tax services. Do contact us.