Excise tax is one of the taxes imposed on businesses in the UAE, applied to specific goods such as tobacco, sugary drinks, and energy drinks. Excise tax is levied at a standard rate of 100% on tobacco products and 50% on energy drinks and soft drinks containing sugar. Businesses that import or manufacture excise goods … Read more
VAT and Excise Tax have practically become a norm for businesses in the UAE. Excise Tax often raises more questions since it applies only to specified products, tobacco, energy drinks, and carbonated drinks, that the government deems harmful to public health or the environment, functioning as both a revenue tool and a consumption deterrent. Voluntary … Read more
Alongside the 5% VAT rate, the UAE introduced a separate tax, Excise Tax, applying to specific goods considered harmful to human health or the environment. Excise Tax applies to tobacco, energy drinks, and carbonated drinks, at rates of 100%, 100%, and 50% respectively. The goal is partly to encourage healthier consumption choices, given documented health … Read more
Excise tax is a levy applied to specific goods considered harmful to human health or the environment. In the UAE, this covers tobacco products, energy drinks, and carbonated beverages, currently taxed at 100% for tobacco and 50% for energy drinks and carbonated beverages. Excise tax isn’t automatically avoided just because goods sit within a UAE-designated … Read more
Corporate Tax Challenges and Opportunities for Foreign Businesses in the UAE Foreign businesses entering or already operating in the UAE can access real advantages under the Corporate Tax regime introduced by Federal Decree-Law No. 47 of 2022, but they also face a distinct set of compliance challenges that domestic businesses encounter less often. Taxable persons … Read more
What Is Integrated Auditing? Integrated auditing is an approach that combines two or more distinct audit streams — typically financial, operational, and compliance — into a single, coordinated engagement rather than running each as a separate process with separate teams, separate documentation, and separate findings. The result is an audit that examines how a business … Read more
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