Excise duty is levied on certain goods that are harmful to human health or the environment.
The UAE government introduced an excise tax on carbonated drinks, tobacco products, and energy drinks in 2017 and decided to apply the same tax to e-cigarettes, e-liquids, and various soft drinks from 1 December 2022.
The excise duty is levied on certain products that are harmful to human health or the environment. The UAE government is introducing excise duties to reduce the consumption of unhealthy and harmful products and to increase Excise Tax Consultancy Services In Dubai.
Products Subject To Excise Duty In The United Arab Emirates
Electronic smoking apparatus and devices
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OUR EXCELLENT TAX SERVICES:
Excise tax registration in the UAE
Excise Tax Registration in the United Arab Emirates
Rapid review of the organization to determine product listing and qualifying registration.
Advice on stock/inventory and tax calculation.
Advice on inventories.
Ongoing excise reporting and compliance services.
Provide advice on excise tax-related issues in relation to recent FTA changes/announcements.
Focus more on your business and outsource the entire accounting process. Using the latest cloud accounting systems, we can help you focus more on your business by taking over all your bookkeeping and accounting tasks. We have proven that we can reduce your clients’ accounting costs by 60% and increase their productivity by 40%.
Our team of expert accountants has the knowledge and experience to help your business grow by simplifying your accounting, auditing, tax, and regulatory compliance requirements. In addition, providing our clients with timely and accurate financial information is a commitment we believe cannot be compromised. With sensible and well-organized financial records, your business can operate more efficiently on a day-to-day basis.
virtual banking services
We are an authorized Zoho partner and use Zoho Books cloud-based online accounting software to meet your business’ accounting needs. With Zoho Books, we ensure that all financial transactions are recorded, reviewed and analyzed seamlessly. Watch this video to get an idea of the different modules of Zoho Books.
Take Control Of Your Finances
You’ll never be in the dark again. The dashboard provides real-time insights about your business on the go. You just upload your data and we’ll do the rest, delivering meaningful financial reports that help your business grow smoothly.
Accounting Prepared For Vat
We offer VAT-prepared accounting, you will receive a VAT accounting report in the format specified by the UAE Federal Tax Authority (FTA) before filing the actual VAT return to avoid false accounting and associated penalties.
Benefits Of Outsourcing Accounting And Bookkeeping
Being the owner or manager of a business sometimes means that you are the one who keeps track of everything. It’s a difficult job being responsible for the success of your business and making sure that everything is done the way you want it to be done. However, there is one particular area that should be the same for all businesses and is only accurate without creative work, and that’s accounting. Here are the top five benefits of outsourcing your bookkeeping and accounting:
Reduce business costs
By outsourcing bookkeeping and accounting, businesses can reduce their operating costs and avoid hiring a full-time accountant. At the same time, companies can access outsourced expertise from qualified staff that they would not otherwise be able to afford.
By outsourcing accounting, company owners/managers can focus more on core revenue-generating activities and be confident that accounting professionals will complete the accounting on time.
Timely compliance and avoidance of related penalties
Another benefit of outsourcing accounting is compliance with all mandatory requirements, avoiding related penalties. Businesses can rest easy knowing that qualified accounting professionals ensure compliance with legal requirements, such as timely filing of taxes and other regulatory requirements.
Although hiring a full-time accountant is expensive and the role of an accountant is limited to bookkeeping. By working with an accounting firm, companies can be assured that only the most qualified experts will handle their finances objectively and impartially. Services are often customized and scalable to provide the right expertise at the right time, increasing overall flexibility.
Access to the right information at the right time
By outsourcing accounting functions, companies not only get comprehensive accounting services but also the right information at the right time to make bold business decisions. For example, a company’s cash flow statement, financial ratios, major business expenses, expected payments from customers, tax payments, and more.