Excise Tax Audit

Excise Tax Audit

An Excise Tax Audit is a detailed review of a company’s records and transactions related to excise goods to ensure compliance with UAE excise tax laws. It verifies that the correct excise tax has been calculated, collected, and remitted to the Federal Tax Authority (FTA) in accordance with regulatory requirements.

Key Points:

Examines records of excise goods production, import, storage, and sale.

Verifies proper calculation and remittance of excise tax.

Ensures compliance with UAE Excise Tax regulations and reporting obligations.

Helps identify discrepancies, potential penalties, or risks.

Purpose:

The audit helps businesses maintain accurate excise tax records, remain compliant with UAE regulations, and avoid fines or disputes with tax authorities.