Excise Tax Registration UAE

Shuraatax14 Mar, 2023Finance

UAE Federal Tax Authority (FTA) explains excise tax as a form of indirect tax that is imposed on goods that are considered harmful for human health and the environment. For example, carbonated drinks, tobacco products, etc. The excise tax law was introduced on 1st October 2017. The law thereby stated that every individual or company involved in activities like producing, importing, transferring, or stockpiling excise goods is subject to excise taxes. The excise tax registration UAE is the responsibility of every business engaged in the given activities, and therefore, must register their respective excisable goods with FTA.