January 28, 2022
Who Must Register For Excise Tax?
The Federal Decree-Law No. 7 of 2017 on Excise Tax stipulates that businesses/ persons that are engaged in any of the below activities must register for tax.
- Import of excise goods into the UAE;
- Production of excise goods in the UAE;
- Release of excise goods from a designated zone into the UAE;
- Warehouse Keepers, in certain cases;
- Stockpiling of excise goods for business purpose in the UAE in certain cases where excise tax has not previously been paid on the goods in the UAE.
Kudos PRS operates in UAE since 2009 and Our Chartered accountant services offer Audit & Assurance services, Accounting services, Taxation and Management Consultancy, VAT and TAX Advisory, Financial Audits and book keeping Services, Business and management consultancy Services.