Excise tax & Customs -IE Code
Excise tax
In the UAE (United Arab Emirates), an excise tax is a type of consumption tax imposed on specific goods that are considered harmful to public health or the environment. The Excise tax is intended to discourage the consumption of these goods and promote healthier lifestyles.
The tax is levied & typically applied to items like:
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Carbonated Drinks
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Tobacco Products
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Energy Drinks
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Electronic Smoking Devices
Registration:
Excise registration is the very first step towards compliance with the excise tax procedures. Key Categories of businesses that are typically required to register for excise tax in the UAE are:
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Producers and Manufacturers
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Importers
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Warehouse Keepers
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Stockpilers
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Additionally, exemptions or thresholds might apply to certain businesses based on their annual turnover or other factors.
Procedures:
The UAE’s Federal Tax Authorities provide an online platform for excise registration through their official website at www.tax.gov.ae.
Documents required:
Our Services related to Excise Tax :
Our skilled team of auditors is dedicated to overseeing your business’s compliance obligations. Post successful Excise registration, we will provide comprehensive guidance on the following compliance services.”
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Excise consultation services
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Maintenance of Excise Records, Appropriate Invoicing, and Reconciliation.
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Calculation and Timely Submission of Excise Returns
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Excise tax Refunds
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Representation before the FTA for all Excise-related matters.
UAE Custom Code or Import Export Code
If you’re considering to in trading your products in the GCC, you have probably come across the necessity of obtaining an importer or exporter customs code.
What is an Importer / Exporter Customs Code:
It is an official code that is issued by the relevant Emirate’s Customs authority in UAE and a legal requirement for UAE businesses to import from a foreign country or export goods produced in UAE or re-export goods earlier imported into UAE. It is a code that will link your shipments with your UAE trade license.
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The Dubai customs code must then be renewed every 12 months.
Why Customs Code?
Obtaining a customs code or IE code in UAE brings many benefits, including:
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Seamless and Legal Import and Export of goods
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A Speedy and Efficient Customs Clearance Process
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Any Potential Legal Risks Or Government Fines can be avoided
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The actual process of applying for a UAE customs code is relatively straightforward and requires little expertise. Nevertheless, working with us can be really beneficial in all customs-related matters.