As a member of the GCC which has executed Common Excise Tax Agreement, each member state including the UAE is entitled to embrace the common Excise Tax System. With effect from October 1st 2017, the UAE government implemented the Excise Tax Federal Decree Law – No 7 of 2017. Later with effect from 1st December 2019 additional products came under the purview of excise tax vide Cabinet Decision No 52 of 2019.
UAE’s Federal Tax Authority (FTA) introduced an electronic system that allows businesses to register excise goods and meet reporting requirements pertaining to Excise Tax. Businesses are required to submit declarations to showcase transparency in the movement of goods falling under the canopy of excise. Companies seeking assistance in navigating their Excise Tax Compliance journey can leverage our services as our team of tax experts help with Excise Tax advisory and implementation support.