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Excise Tax was introduced by the UAE government in 2017. It is a form of indirect tax levied on specific goods (known as Excise goods) which are typically harmful to human health or the environment. Any goods will be considered as excise goods based on below definitions:
This includes any aerated beverage or any concentrations, powder, gel, or extracts intended to be made into an aerated beverage. It does not include any unflavoured aerated water.
Any beverages which are
All items listed within Schedule 24 of the GCC Common Customs Tariff.
Flyingcolour® assists in all types of accounting, bookkeeping, value added tax (VAT) related advise and VAT return filing, issues related to Federal Tax Authority (FTA), Economic Substance Regulation (ESR) related matters, monthly account related reporting to management (MIS), payroll services, excise and custom related claims and high quality outsourced CFO services through our team of experienced chartered accountants. We have attractive customized monthly accounting packages.
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