UAE Excise Tax & Importing Goods: Key Compliance Tips for Traders
Importing goods into the UAE is a major business activity, with thousands of traders bringing products into the country every day. However, for businesses dealing with excise goods such as tobacco, vaping products, energy drinks, carbonated drinks, and sweetened beverages, excise tax compliance is a critical part of the import process. Excise tax is not […]
Excise Tax on Carbonated Drinks in UAE: What Consumers & Businesses Should Know
Carbonated drinks have long been a popular choice among consumers in the UAE. However, due to growing concerns about health risks linked to excessive sugar consumption, the UAE government introduced excise tax on carbonated beverages. This tax is designed to reduce the consumption of sugary drinks while also generating revenue to support public health initiatives. […]
What Happens If You Fail to Register for Excise Tax in UAE?
Excise tax in the UAE is mandatory for businesses that manufacture, import, store, or distribute excise goods, including tobacco, vaping products, energy drinks, and sweetened beverages. The Federal Tax Authority (FTA) enforces strict regulations, requiring businesses to register for excise tax before engaging in any taxable activities. Some businesses overlook or delay registration, assuming they […]
Excise Tax Compliance Checklist for UAE Businesses: Stay 100% Compliant
Excise tax compliance is essential for businesses in the UAE that import, manufacture, store, or distribute tobacco, vaping products, energy drinks, soft drinks, and sweetened beverages. The Federal Tax Authority (FTA) has strict regulations, and failing to comply can result in heavy fines, business restrictions, and supply chain disruptions. Many companies make avoidable mistakes due […]
UAE Excise Tax on Sweetened Beverages: What Businesses Need to Know
Excise tax in the UAE is designed to reduce the consumption of products that can harm public health. One of the biggest categories affected by this tax is sweetened beverages, which are taxed at 50%. The goal is to discourage excessive sugar intake, which has been linked to obesity, diabetes, and other health issues. For […]
How VAT Works for Free Zone Companies in the UAE
The UAE is home to more than 40 free zones, offering businesses attractive benefits such as tax exemptions, full foreign ownership, and simplified regulations. Many companies choose to set up in free zones to take advantage of these incentives. However, when it comes to VAT, businesses operating in free zones must carefully assess their tax […]