05 Jan 2021
FTA updates on Economic Substance Regulations
Excise Tax is an indirect tax levied by the UAE government on goods that are considered harmful to human health or environment. The basic reason for implementing Excise Tax is to reduce the consumption of these goods, raising income for the government that can be spent for the public. All Taxable entities are entitled to register for Excise Tax in the UAE through the FTA’s online portal.
You might be aware of the ESR dates released by the FTA dated Nov 12 2020.i.e.(on 31st December 2020).In this connection we are providing detailed free consultations for its smooth Implementation.
We, BMS Auditing, can assist you in registering for Excise Tax, filing of Monthly Returns, registering your products with the Federal Tax Authority and provide advisory service on compliance of UAE Excise Tax Law.