Excise Tax Returns in UAE
Once you have registered for Excise Tax in UAE, you are required to file your Excise Tax returns in UAE by the 15th day following the end of each tax period. Navneet Accounting & Bookkeeping LLC is providing timely and best excise tax return services in UAE. We are also offering excise tax registration services.
When do businesses need to file excise returns?
The tax period for each excise tax return is one calendar month. Businesses should file their excise tax returns in UAE through the online FTA portal within fifteen days of the tax period.
How to file excise tax returns in UAE
An excise tax return is a record of the excise paid during each tax period. Businesses should file returns for excise tax online using the FTA portal, manual returns are not accepted. The online return form is available in both English and Arabic.
Excise tax return submission
The details submitted in each of the declarations will be pulled through into the excise tax return and will be auto-populated at the end of the return period.
The taxable person should thoroughly check the information provided within the return and if it is correct prior to submission. He should then submit the excise tax return and complete payment for excise tax.
Late excise tax return filing penalty
It is always advised to file excise tax returns on time, even if the excise tax has already been paid. Filing excise returns late, or not filing them at all, will attract penalties from the FTA.
Deadlines for excise tax submission and payment
- Excise tax returns should be submitted within 15 days after the relevant tax period.
- Excise tax should be paid 15 days after the end of the calendar month.
- If the filing deadline falls on a weekend or a national holiday, it will be shifted to the first working day that follows the holiday or the weekend.
Excise Tax Returns Services – What we do
- Perform industry focused business reviews to ensure that companies manage their Excise Tax risk and exposure, identifying savings opportunities and reducing areas of risk.
- Provide advice on structuring business transactions, including cross border transactions, in an Excise Tax cost effective way.
- Assist in Excise Tax registration and compliance obligations.
- Assist in Excise Tax audits, disputes and dealing with the Excise Tax authorities.
- Provide Excise Tax training and legislative updates.