Tax Period Extended for Excise Tax Registrants

In an effort to support Excise Tax Registrants during the difficult circumstances caused by COVID-19, the Federal Tax Authority has decided to extend the tax period for businesses registered for Excise Tax, which commenced on 1/3/2020 for one month.

The tax period shall now respectively cover the months of March 2020 and April 2020, allowing registered businesses sufficient time to fulfil their tax obligations.

BSA traces its roots to 2001 when it was first founded in Dubai, with the primary mission of offering legal services that combine comprehensive knowledge of local law with a modernised and progressive approach to legal practice.

Today, following the joining of Senior Partner Dr Ahmad Bin Hezeem, former Director General of Dubai Courts, and the opening of further offices across the Middle East and now France, we have consolidated our excellence-driven regional reach.

Our access to key local authorities and our solid legal expertise across a broad spectrum of industries sets us apart as one of the few Dubai headquartered legal practices that have exceeded their original boundaries.

Excise Tax Registrants must fulfil the following obligations:

• file two separate tax returns, one for March 2020 and one for April 2020, by no later than Sunday, May 17, 2020; and
  ensure that the Federal Tax Authority has received the tax payable for the tax periods as reported in the March 2020 and April 2020 tax returns by no later than Sunday, May 17, 2020.

Our expert tax lawyers are available to assist with this and all your tax needs during these difficult times.

There is no registration threshold for Excise Tax, therefore any person who has the intention to be involved in import or produce excise goods or wish to operate a tax warehouse must register as an excise taxable person.

Our lawyers come from diverse backgrounds with the majority dual-qualified in both regional and multinational jurisdictions and who speak Arabic, English and French fluently.

Our team stays abreast of regional and international legal developments and tailors the firm’s advisory approach to our clients’ respective industry sector needs.