Excise or Custom Tax Registration Service

Excise duty: This is often imposed on goods that are considered harmful or potentially harmful to human health or the environment. Common examples include tobacco products, alcoholic beverages, and certain energy-dense foods or drinks. To collect this tax, businesses producing, importing or selling such goods are usually required to register with the Federal Tax Authority.

Customs Duty: It is a type of tax that is levied on goods imported into a country. The rate of customs duty usually depends on the type of goods and their declared value. Businesses importing goods are generally required to register with the Federal customs authority and provide detailed information about the goods in question.

The rate of customs duty is 5 per cent of the value of goods plus Cost Freight Insurance. It is 50 per cent on alcohol and 100 per cent on cigarettes. Refer to: The Unified Customs Tariff for GCC States 2022 – ICP.

Ally Accounting & Auditing providing guidance on whether and how a business should register for excise tax or customs duty. This could include advising on the potential tax liabilities for different types of goods and strategies for minimizing these liabilities within the bounds of the law.

  1. Documentation Services: Assisting with the preparation and submission of the required registration forms and other documents. This could include details of the business, the types of goods involved, their value, and other relevant information.
  2. Liaison Services: Communicating with the FTA on behalf of the business to facilitate the registration process. This could involve responding to inquiries from the FTA, providing additional documentation as required.
  3. Compliance Services: Offering advice on how to comply with ongoing tax obligations after registration. This could include assistance with preparing and submitting tax returns, keeping records, and dealing with any audits or investigations by the FTA.