Excise taxes are imposed indirectly by tax authorities on the use of particular goods or services (usually deemed to be extravagant or hazardous to the health and environment of consumers). They are regarded as an unavoidable expense of conducting business. They frequently relate to goods like cigarettes, oil, and alcohol. Countries usually try to discourage the usage of these products and generate income by applying excise taxes.
However, these levies are applied to various goods in several nations, occasionally at various phases of the supply chain. Specifically, when products and services are traded internationally, domestic excise taxes may become “trapped.” Effectively handling excise taxes and comprehending ways to lessen their effects is essential for companies involved in impacted sectors.
With Tax Experts at ITC, you can be stress-free and let us handle your tax duties.
For Immediate assistance get in touch with us on:
Email: contact@itc-tax.com
Call: +971 52 320 5619
On the occasion of Eid, we will be out of the office but just a call away from you. Please find the contact details below to get in touch with us:
For any new enquiries, you can contact our Business Development Manager - Mr Mudasir Sofi (+971 52 320 5619)
If you're an existing client then please contact our Key Account Manager - Mr Mohammed Rooman (+971 52 296 1530)
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