Excise Tax Return Filing
- Excise Tax Return Filing
Excise Tax Return Filing Services in UAE – HisabTax
An Excise Tax Return is a record of the excise tax paid during each tax period. Businesses are required to file their excise tax returns online via the Federal Tax Authority (FTA) portal. Returns must be submitted within 15 days following the end of the relevant tax period. Excise tax payments are due within 15 days after the end of the calendar month. If the filing deadline coincides with a weekend or a national holiday, it will be extended to the next business day.
Timely submission of excise tax returns is crucial, even if the excise tax has already been paid. Failure to file returns on time, or not filing them at all, may result in penalties imposed by the FTA. Additionally, there are instances where the FTA may refund previously paid excise tax on certain goods. In such cases, the refunded amount can be deducted from the total excise tax payable in the subsequent month’s return.
What is Excise Tax Return Filing?
Ensuring timely and accurate filing of excise tax returns helps avoid penalties and facilitates efficient management of tax liabilities.
We Al-Hisab Tax Consultancy, offer comprehensive Return Filing Services designed to enhance your experience with excise tax compliance. Our team diligently manages amendments, updates, and communications with the Federal Tax Authority (FTA) to ensure accuracy and efficiency. Our commitment is to provide exceptional service and achieve complete client satisfaction in all aspects of your excise tax return process.
Importance of Timely Excise Tax Filing
Failure to file excise tax returns on time may result in administrative penalties imposed by the Federal Tax Authority, including:
- Late filing penalties
- Incorrect tax calculation fines
- Interest on unpaid tax
- Suspension of excise registration
