What Is Excise Tax?

What Is Excise Tax?

  • March 8, 2022
Excise Tax is a form of indirect tax levied on specific goods. These goods are typically those that are harmful to human health or the environment. Excise Tax is currently applicable across the UAE on goods referred to as ‘excise goods’. EXCISE TAX REGISTRATION Any business which imports, produces or stockpiles excise goods, or releases them from a designated zone in the UAE, should register for Excise Tax. FILING RETURNS AND PAYMENT Once you have registered for Excise Tax, you are required to file your Excise Tax return by the 15th day following the end of each tax period. DIGITAL TAX STAMPS The DTS is a newly introduced control scheme requiring tobacco manufacturers and stakeholders to comply with enhanced standards for the importation and trading of tobacco in the UAE WAREHOUSE KEEPERS AND DESIGNATED ZONES An Excise Tax user guide explaining how to register as a warehouse keeper and how to register a designated zone