Excise Tax
Services
Contacts
Visit Our Office
Business Bay: Floor 21, Binary Tower by Omniyat, Marasi Drive - Dubai
Give Us A Call
+971 52 216 2624
Mail Us
info@zlsca.com
Excise Tax
Excise taxes are indirect taxes imposed by governments on specific products or services, often those considered harmful to consumers’ health, detrimental to the environment, or luxurious. These taxes are seen as an essential cost of doing business and are typically applied to items like alcohol, oil, and tobacco. The primary objectives of levying excise taxes are to discourage excessive consumption of these goods and generate additional revenue for the government.
However, excise taxes can vary significantly from one country to another and may apply at different stages of the supply chain. As a result, businesses operating in industries affected by these taxes must navigate complex regulations and potential challenges related to cross-border transactions. It becomes crucial for such companies to effectively manage excise taxes and explore opportunities to mitigate their impact on their operations and profitability. By doing so, businesses can stay competitive and compliant despite varying excise tax structures across different countries.
We are Always Ready to Assist Our Clients
developing financial processes and procedures
Why Excise Tax?
The UAE Government has implemented an excise tax with the dual objective of curbing the consumption of unhealthy and harmful commodities while generating additional revenue to fund essential public services. This taxation policy will directly impact consumers, as they must now pay higher prices for goods deemed detrimental to human health or the environment.
By levying an excise tax on products such as sugary beverages, tobacco, and certain energy drinks, the government aims to discourage excessive consumption of these items. The increased prices act as a deterrent, making consumers think twice before making unhealthy choices. This could ultimately lead to improved public health outcomes by reducing the prevalence of diseases related to the overconsumption of such products.
What Can We Offer?
Our comprehensive approach to excise tax compliance delivers significant value through the following key aspects:
- Expert Tax Analysis: We offer in-depth tax technical analysis to help you understand your rights and obligations, assisting you in navigating tax policy discussions with governments effectively.
- Risk Reduction: Our approach includes centralized coordination and oversight of the global tax compliance process, minimizing risks and ensuring compliance across different regions.
- Enhanced Visibility: You gain access and visibility into all aspects of tax return preparation, filing with authorities, and document maintenance, ensuring transparency and efficiency in the compliance process.
- Controversy Management: We focus on addressing tax technical matters and handling controversies, including litigation where applicable, to resolve issues effectively.
- Leveraging Financial System Data: Our unified strategy harnesses global financial system data to streamline local country excise tax compliance, optimizing processes and ensuring accuracy.
- Seamless Implementation: With our proven compliance process and tools, you can achieve immediate results with minimal disruption to your operations
-
Flexibility and Scalability: We provide adaptable solutions to accommodate your changing global structure and evolving compliance needs, ensuring long-term compliance effectiveness.
Through these strategies, our excise tax compliance approach is designed to support your business in meeting regulatory requirements, managing risks, and optimizing tax-related processes on a global scale.