Excise Tax De-Registration
In the UAE, businesses that are registered for excise tax must file periodic excise tax returns with the Federal Tax Authority (FTA). Excise tax returns must be filed monthly, and the due date for submitting the return and paying any excise tax owed is the 15th day of the following month. To file an excise tax return, businesses must log in to their account on the FTA website and complete the online return form. The form requires the business to provide details of the excise goods they have imported, produced, or released from a designated zone, as well as any excise tax due. It's important to ensure that the excise tax return is accurate and complete, as any errors or omissions can result in penalties or fines. Businesses should keep records of their excise tax activities, such as invoices, receipts, and shipping documents, to support the information provided in the return. If a business overpays excise tax, they may apply for a refund of the excess amount through the FTA website. If they underpay excise tax, they must pay the outstanding amount, along with any penalties or fines that may apply.
Overall, businesses must comply with all the excise tax regulations in the UAE, including filing accurate and timely excise tax returns, to avoid penalties and ensure compliance with the law.