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Excise Tax Scenarios for Filling New Declarations and Forms

August 22, 2019
The Federal Tax Authority (FTA) rolled out a new electronic system for registering excise goods and new reporting requirements related to excise tax returns and declarations to ensure the transparency and accuracy of every movement of excisable goods. FTA has created new declarations forms and these declaration forms need to be complied by the registered taxable person.
Every registered person who imports excisable goods into UAE, produced in UAE, and released from/to designated zones will also have to comply with the tax procedures given by the authority. The main aim of below-mentioned forms is to keep an eye on the movement of the excisable goods and make the process more transparent.
List of different declarations to be filed:-
No.Declaration No.Description
1201Excise goods that require custom clearance
2202ADesignated Zone Reporting
3202BProducer Declaration
4203ALocal Purchase Form
5203BLost and Damaged Declaration
6203CTransfer of Ownership within Designated Zone
7203Deductible Tax
8204Excise Tax Return
9214Voluntary Disclosure/ Tax Assessment
Please note that FTA has introduced this new excise tax reporting requirements and declarations on 16th August 2019. Please find attached excise tax User manual.
Please get in touch with MB Group Team if in case you need any further discussion or detailed understanding, training, advice or any other related services.
CA Ajay Maru Tax Consultant

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