How to Register for Excise Tax in UAE
An excise tax is a type of indirect tax levied on the sale of a specific item. Products that are damaging to people or the environment are subject to excise tax. The main goal of the excise tax is to limit hazardous behaviors by reducing the consumption of those specific commodities. If you want you can look at the linked article and know how to start a business in Dubai. Now, let's look at the steps to register for excise tax in UAE.
Excise Tax Registration in the UAE
Register For Excise Tax in UAE in 4 Easy Steps
Step 1: Go to the UAE taxation page: As the first step, you need to go to the UAE taxation page. To go copy and paste the link into the browser. https://u.ae/en/information-and-services/finance-and-investment/taxation
- Then, tap on the search button.
- Otherwise directly, click on the link from here to visit the Taxation page.
Step 2: Tap on excise tax: A webpage appears regarding taxation.
- You’ll find a lot of options in green.
- Search for the option Excise tax.
- Tap on the option.
Step 3: Tap on the e-services section: A new page will open. Scroll down the article to locate the heading "How to register for excise tax?"
- Once, you locate the heading, click on the e-services section link.
- You'll find the link on the second line itself.
Step 4: Log in to register: A new window will appear which is the login page of the Federal Tax Authority of UAE.
- Enter your correct email address and password to log in.
- Click on the register here, if you haven't registered before.
If the excise tax is not paid in a timely manner a demand bill is issued. In that case, you will have to pay the tax as well as interest as the late fee. Hence, it is advisable to pay the excise tax on time.
FAQs
In the UAE, how do I pay the excise tax?
Registered firms must pay their owed taxes online through the Federal Tax Authority's website alone, using either an e-Dirham payment method or a credit card, using e-Debit, using a local transfer - bank transfer, or maybe through an international bank transfer.
What is the excise duty procedure?
The manufacturing of products is subject to the payment of excise duty. It is imposed when items are being transferred out of the factory or warehouse for sale. Since excise duty is already there at the manufacturing time, it is not necessary to impose it again during the actual sale of products.
Who has to register for the UAE excise tax?
Any company that imports, produces, or stockpiles excise items in the United Arab Emirates should register for excise tax.
What distinguishes the VAT from the excise duty?
Value Added Tax is known as VAT. While Central Excise Tax is imposed by the federal government, VAT is intended for State governments. India imposes a central excise tax on the production of excisable commodities. However, VAT is assessed when items are sold within the state.
Is investing in the UAE a wise idea?
Yes, it is a wise idea to invest in UAE. There are 100% foreign ownership in 13 sectors and 122 economic activities. 100% of profits are returned. An efficient visa system that permits 10-year renewable residency permits. High levels of liquidity, competitive borrowing prices, and a robust banking system.
Taxes are important for an economy to sustain and work smoothly. Hence, read the entire article to register for your excise tax in the UAE and also go through the additional information.