Smith A

Finance

Excise Tax Compliance in the UAE: Key Requirements

Implemented in 2017, the Excise tax is an indirect tax imposed on goods that are usually harmful to human health or the environment such as tobacco products, carbonated drinks, energy drinks, and electronic cigarettes. Hence, businesses dealing in these products are required to ensure excise tax compliance to avoid hefty penalties and legal repercussions. The Federal Decree-Law No. 8 of…