Excise Tax Amendment
The UAE Excise Tax regime is governed by the Federal Decree-Law No. 7 of 2017 (“Excise Tax Decree-Law”). However, the Federal Decree-Law No. 19 of 2022 has come into effect from October 14th 2022 amending certain provisions of the Excise Tax Decree Law. Tax consultants in UAE can advise taxable entities on how to make tax-related decisions based on the amended provisions.
Businesses under obligation cannot ignore the new amendments to the UAE Excise Tax Decree Law as it may be viewed as a compliance failure. The Federal Tax Authority (FTA) has also released a Public Clarification (EXTP009) to remove any confusion regarding the new amendments.
Consult with the Best Tax Consultants in UAE
Businesses need to consider the new amendments before taking any decision related to excise tax in the UAE. Tax consultants in UAE such as Navneet Accounting & Bookkeeping LLC can advise you on the potential impact of the new amendments on your business and assist you in taking necessary actions. Our excise tax consultancy services in UAE include excise tax registration, timely submission of excise returns, review of excise records, return & reconciliation, providing advice on client’s clarifications and FTA notifications, representing the client before the FTA for Excise tax matters, review and customization of source documents et