Every firm in UAE which is dealing with excise goods (carbonated drinks, energy drinks, tobacco and tobacco products, e-cigarettes and sugar-sweetened beverages) needs to be registered with Federal Tax Authority (FTA). They 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.

It’s important for companies in the UAE to abide by the excise tax laws not only to avoid fines but also for managing their company’s financial dealings appropriately. Excise registered Companies should file required declarations for the movement of excisable goods on time to avoid any delay in execution and penalty. They need to accurately compile their excise returns and avoid errors as it could lead to loss of reputation for them. Thus, companies need proper guidance and help to manage their excise return. Such help is extended by Darji Accounting which is a leading tax agency of Dubai. Our team of experts can assist you not only with filing of excise returns but also with excise compliance as required by UAE’s VAT laws.