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Once you have registered for Excise Tax Registration, you are required to file your Excise Tax return by the 15th day following the end of each tax period.
Excise tax returns are automatically populated based on the information completed in the following declaration forms:
Any business engaged in excise goods are required to maintain records of all their taxable transactions as per the FTA’s guidelines on excise. The records and accounts of excise goods have to be maintained accurately and in a timely manner to avoid penalties or fines.
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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