Warehouse keeper Launch of Excisable Goods Stock Reporting Requirements
Are you a Warehouse Keeper registered with the FTA or an Excise Tax Registrant? Then this article is for you. Federal Tax Authority needs you to follow the below process to declare your Opening Stock as of 1st January 2021. Step 1: Warehouse keeper will have to Appoint Certified External Auditor to verify the Opening […]
Excise Tax on Tobacco and Electronic Smoking Devices
Excise tax is a flat-rate levy on the sale of particular products, services, and operations. It is an indirect kind of tax that means it is not paid by the customer directly. Instead, the producer/company that includes it in the product price will be charged excise tax. It is your obligation to collect and pay taxes to the […]
Excise Tax In UAE
In the UAE, the excise tax was imposed on tobacco and tobacco products, energy drinks, and carbonated drinks. The nation had chosen to levy an excise tax on all e-cigarettes, e-liquids and sweetened drinks signed and ratified this January. With this implementation, a substantial change has been observed in firms that produce, supply or export […]
UAE Taxes: Prepare and Stay Compliant in 2023
Introduction to Taxes in the UAE The United Arab Emirates (UAE) has implemented various taxes in recent years, including Value Added Tax (VAT), excise tax, and corporate tax. These taxes play a crucial role in the country’s economic development and diversification. In this blog post, we will provide an overview of these taxes and give […]
