Office 938, Business Tower, burjuman, Dubai, UAE
Excise Tax Consultancy / Tax Consultancy /

Assistance in Excise Tax Audit

Excise tax is paid only once in the supply chain. Hence, all businesses that deal in excisable goods cannot obtain a refund of the excise tax paid on those goods, unlike VAT.

Still there are some cases where a refund of excise tax will be available:

  • If Excise tax has been already paid on an excise good, which is then produced in to a ‘new excise good’, on which excise tax is again due (e.g., Excise tax will be due on both the import of raw tobacco and once the tobacco has been manufactured into cigarettes).
  • If Excise tax has been already paid on an excise good which is then exported outside the UAE.
  • If there is an error while paying tax to the FTA.

Assistance

in Excise Tax Audit

In these scenarios, a business registered for excise tax can get the refund of the excise tax paid. The refund will be granted by allowing a deduction of the refundable amount from the tax due in the next excise tax return period.

Businesses need to manage their Excise Taxes efficiently to mitigate their impact on company revenues. Excise taxpayers, more often than not, lack a clear understanding of complex tax regimes. Consequently, companies end up paying more than they are required to and subsequently, have to rely on inefficient compliance processes

Our team of expert ensure that business have met all of the requirements for receiving a excise tax refund, such as submitting proper and complete documentation and responding to any queries from the Federal Tax Authority Promptly.

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LOCATION

Office 938, Business Tower, burjuman, Dubai, UAE

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