Monthly Excise Tax Returns must be filed by registered entities subject to excise tax. Due to the fact that excise tax returns are technical and require knowledge and experience in the application of the law, they must be filed with extreme care in order to avoid the penalties that error-prone returns incur when audited by the Federal Tax Authority.

Experts in excise tax at Elucidation for Accounting (ElucidationAcc) are qualified tax professionals with experience providing excise tax consulting in UAE and their home countries. Before entering into contracts, we always conduct due diligence so that we can meet client expectations and remain proud of our services and professionals. Our methodology for providing the service of filing excise tax returns is as follows:

·        Knowledge of the entity and its surroundings in order to comprehend the supply chain process of excise products and to ensure that they are included in our excise tax return.

·        Examining the stocks at the reporting date and ensuring that all excise associated with the products in stock is accounted for in the return

·        Using the prices and percentages of excise tax provided by the Authority to compute the excise tax according to our calculations

·        Multiple reviews of items entering and departing the stock for excise tax to ensure that monthly returns include all stock components

·        Ensuring that the entity under consideration adheres to the guidance provided by the Authority to stockpilers

·        Ensuring timely filing and payment of tax returns to avoid Authority penalties.