A one-time indirect tax applied to specific goods is called excise tax. The Common Excise Tax Agreement, which gives each Gulf Cooperation Council (GCC) member state the authority to establish a common excise tax system, has been signed by its members. Member states may impose excise taxes at varying rates on luxury items and goods that are judged hazardous to the environment or public health under the common excise tax system.

To assure the accuracy and transparency of every movement of excisable commodities, the Federal Tax Authority (FTA) implemented new reporting requirements linked to excise tax returns and declarations, as well as a new electronic system for registering excise items. For all firms, controlling excise taxes and identifying ways to reduce their overhead burden are essential.

Our committed staff assists clients in handling Excise Tax and following the law. Our goal is to shield our clients from all potential non-compliance risks and to prevent compliance failures.