VAT & Excise Consultancy

VAT

Value-Added Tax or VAT is a tax on the consumption or use of goods and services levied at the point of sale. VAT is a form of indirect tax. While it feels exactly the same as a general sales tax to end-consumers, VAT is a more sophisticated tax and overcomes many challenges that affect the general sales tax.

Any business which exceeds mandatory thresholds limit of AED 375,000 should require to register for VAT.

Excise Tax

Federal Law No. (7) Of excise is a selective tax, which sets the foundations of tax procedures, tax implementation, tax rates, tax obligations, cases of tax exemption, as well as procedures and rules of tax registration and cancellation.

Who should register for Excise Tax in the UAE?

The below-mentioned groups will now have to register for Excise Tax in the UAE

  • Producers of Excise goods.
  • Importers of Excise goods.
  • Stockpilers of Excise goods.
  • Warehouse keepers responsible for excise goods.

At Dhillon & Associates, we offer a full suite of services to address the VAT /Excise challenge, which ensures that organizations remain ahead of the requirements within the UAE, along with supporting the impact which may occur across the wider GCC. Our VAT services help organizations throughout the full life cycle of indirect tax, whilst ensuring our technical experts apply their deep insights which have been gained from implementing and managing VAT in various jurisdictions.