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.
| No. | Declaration No. | Description |
| 1 | 201 | Excise goods that require custom clearance |
| 2 | 202A | Designated Zone Reporting |
| 3 | 202B | Producer Declaration |
| 4 | 203A | Local Purchase Form |
| 5 | 203B | Lost and Damaged Declaration |
| 6 | 203C | Transfer of Ownership within Designated Zone |
| 7 | 203 | Deductible Tax |
| 8 | 204 | Excise Tax Return |
| 9 | 214 | Voluntary Disclosure/ Tax Assessment |
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
