Excise Tax

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Excise Tax

Excise tax in the UAE is charged on specific goods that are considered harmful to health or the environment, such as tobacco products, electronic smoking devices, energy drinks, and many carbonated or sweetened beverages. It is designed both to discourage consumption and to generate revenue for public services, and is administered by the Federal Tax Authority (FTA) under dedicated legislation and periodic Cabinet Decisions.

Excise Tax in the UAE

Businesses that import, produce, stockpile, or release excise goods for consumption in the UAE must register for excise tax and meet strict filing and record‑keeping obligations. Recent updates have refined how excise prices are calculated, introduced new rules on deducting tax paid on exports or unsold goods, and adjusted the framework for sweetened beverages, making specialist advice more important than ever.

Our Corporate Tax Services

Excise Registration

Product Assessment

Review your product list to identify which items qualify as excise goods and at what rates.

Return Filing

Prepare and submit accurate excise tax returns on time, with proper reconciliations and records.

Compliance Review

Check your processes, invoices, and stock movements to ensure full compliance with UAE rules.

Refund Support

Assist with claims for eligible refunds on exports, damaged stock, or incorrect assessments.

Audit Assistance

Support you during FTA reviews or audits with documentation, explanations, and follow‑up responses.

Our Corporate Tax Process

Impact & Readiness Assessment

Review legal entities, licenses, and group structure.
Analyse financial statements and key transactions to determine who is in scope and where major risks or opportunities lie.

Policy Design & System Setup

Define corporate tax accounting policies (deductible vs non‑deductible, group charges, provisions).
Configure chart of accounts, tax mappings, and reporting layouts in your accounting / ERP so computations are consistent and traceable.

Annual Computation & Filing

Prepare tax‑adjusted profit calculations from your audited or management accounts.
Draft and file the corporate tax return, supporting schedules, and reconciliations within statutory timelines.

Documentation & Audit Support

Maintain working papers, positions taken, and supporting evidence for potential tax authority queries.
Assist during reviews or audits with explanations, calculations, and clarifications.

Ongoing Advisory & Optimisation

Review new projects, cross‑border flows, and restructurings for tax impact before you commit.
Update policies and processes as regulations, thresholds, or incentives evolve.

Why Prema Consulting is Your Ideal Partner for Corporate Tax?

At Prema Consulting, corporate tax is approached as part of your overall financial strategy, not a standalone compliance exercise. From day one, the objective is to embed tax thinking into your planning cycles, management reporting, and board discussions so numbers reflect true, after‑tax performance.

You work directly with senior professionals who understand both regulation and business realities in the UAE. The result is a relationship built on clarity, responsiveness, and long‑term support as your organisation grows and the tax environment continues to evolve.

Expert Guidance

Get accurate advice from experienced UAE tax consultants.

Tailored Solutions

Benefit from tax strategies designed for your business.

Risk Reduction

Avoid penalties through careful documentation and review.

Clear Communication

Receive transparent updates at every step of the process.

Prompt Compliance

Stay ahead of deadlines with proactive tax filings.

Long-Term Support

Rely on ongoing partnership as your business evolves.

Corporate Tax Services

Prema Consulting’s corporate tax services focus on the areas that matter most to UAE businesses, from getting your entities structured correctly to keeping every return accurate, timely, and defensible. The team helps you navigate thresholds, reliefs, free zone rules, and transfer pricing in a way that fits your real operations—not just the legislation. By combining clear guidance, robust documentation, and practical support for your finance team, these key focus areas ensure your corporate tax position is compliant today and strategically positioned for future growth.

Key Focus Areas

Corporate tax readiness diagnostics for UAE businesses
Registration, deregistration, and entity classification support
Annual return preparation and filing
Free zone and qualifying income assessments
Small business relief and threshold planning
Transfer pricing policy design and documentation
Tax audits, assessments, and reconsideration requests
Training for finance teams on day‑to‑day corporate tax handling

FAQs

How can you help my business transition into the UAE corporate tax regime?

Prema Consulting performs a corporate tax health check, identifies which entities and income streams are in scope, and maps the steps needed to become fully compliant for upcoming periods.

Can you work alongside my existing auditors and accountants?

Yes. The team often collaborates with audit firms and in‑house accountants, handling technical tax analysis and computations while your existing partners focus on accounting and assurance.

Do you support both mainland and free zone companies?

Prema Consulting advises mainland entities, free zone companies, and groups with a mix of both, helping you understand qualifying income rules and how mainland interactions affect your effective tax position.

What size of business is a good fit for your corporate tax services?

Clients range from fast‑growing SMEs nearing profitability thresholds to established groups and holding structures. Engagement scope is scaled to your complexity—simple entities may need only annual support, while groups benefit from ongoing advisory.

Can you help if my first corporate tax period has already started?

Yes. Even if the tax year is underway, Prema Consulting can review transactions to date, correct issues early, and ensure your first return is complete, defensible, and supported by proper documentation.

Do you offer training for finance teams on corporate tax?

Prema Consulting can run customised workshops and working sessions for your finance and leadership teams, explaining how corporate tax is calculated, what evidence is needed, and how to design internal checklists for future years.