Excise Tax Services
Managing Compliance for Excisable Goods
Compliance Context
Managing Excise Tax involves rigorous inventory controls, specific clearing procedures for imports, and strict reporting timelines. Non-compliance can lead to severe penalties and confiscation of goods. We help you navigate these complexities, including the management of Designated Zones.
Overview
Excise Tax is a specialized tax levied on specific goods detrimental to human health or the environment, such as tobacco, energy drinks, and carbonated beverages. Our Excise Tax services are designed for importers, producers, and stockpilers to ensure strict adherence to FTA regulations, from product registration to monthly filing and warehouse management.
Key Deliverables
- Excise Tax Registration & Deregistration
- Product Registration & Classification
- Designated Zone Registration & Management
- Monthly Excise Tax Return Filing
- Stockpiler & Producer Compliance
- Import/Export Declaration Support
- Inventory Audits & Reconciliation
- Voluntary Disclosure Support
Compliance Workflow
Classification
Reviewing your product portfolio to identify excisable goods and applicable rates.
Registration
Registering your business and your products on the FTA portal.
Operations Setup
Advising on compliance procedures for warehousing and movement of goods.
Filing
Calculating tax liability based on production/import volumes and filing returns.