Excise Tax

Excise tax is a form of indirect tax levied on specific goods that are harmful to human health or the environment. Such goods can include carbonated drinks, energy drinks, tobacco products and the like.

Our professional Excise Tax services include:

Excise Tax Advisory

• Specific comments on Excise Transactions
• Guidance on Excise Tax Declarations for transactions
• Advice on practical aspects & application of Excise Tax law.

Registration, Renewal & De-registration

• Assistance in preparation of the Excise Tax Registration & De-registration
• Liaising with the FTA for iterations & finalization.

Excise Impact Assessment

• Analyze the impact of Excise Tax on the business
• Define the transactions subjected to Excise, drafting of policies & procedures
• Detailed training to develop the compliance model.

Tax Health Check

• A 360 degree review of Excise Tax compliances followed by a detailed report highlighting the exposure, corrective measures and areas of improvement.

Excise Compliance

• Detailed review of accuracy, completeness, valuation & cut-off dates.
• Assess sales, purchases & production losses. • Support in the preparation, review & submission of periodic tax return.

Excise Audit

• Facilitate liaison with the FTA during tax audit
• Support in drafting submissions/responses before the FTA
• Guidance on rectification of errors.
• Review of audit memos, decisions and meeting minutes.

Excise Litigation Support

• Draft/review and submission of important applications before the FTA, such as Voluntary Disclosure applications (VD), Penalty Waiver/Installment applications, application before Tax Dispute Resolution Committee
• Guidance and support to experts appointed by court