Excise Tax

When could this be relevant for you?

• If you are engaged in importing, exporting, manufacturing, trading, storing or transporting excisable goods such as tobacco, alcoholic beverages, soft drinks and energy drinks, the new GCC Excise Tax system will have a significant impact on your business.
• Excise Tax is expected to affect the price of the excisable goods for final consumers, the tax due is collected earlier in the supply chain.
• The importers, manufacturers and in certain cases other agents in the supply chain are liable to register for Excise Tax, submit periodical returns, pay the Excise Tax due to the local authorities and maintain specific Excise Tax records.
• Handling Excise Tax effectively will help your business to reduce the risk of non-compliance while ensuring an efficient management of the Excise Tax liability through the use of the available exemptions, refunds, suspension cases and customs reliefs.

What we do

• Perform industry focused business reviews to ensure that companies manage their Excise Tax risk and exposure, identifying savings opportunities and reducing areas of risk.
• Provide advice on structuring business transactions, including cross border transactions, in an Excise Tax cost effective way.
• Assist in Excise Tax registration and compliance obligations.
• Assist in Excise Tax audits, disputes and dealing with the Excise Tax authorities.
• Provide Excise Tax training and legislative updates.
• Leverage the international experience of the PwC global network of Customs and Excise Tax specialists.

Needs

• Do you import or manufacture excisable goods in a GCC country?
• Have you been notified about the commencement of an Excise Tax audit?
• Are you planning to change your business model and supply chain structure?

How we provide value to our clients

• We have a dedicated specialist Customs & Excise Tax regional team based in Dubai and professionals in our local offices throughout the Middle East region, with extensive industry and consultancy experience.
• We help our clients to obtain the best possible practical knowledge to ensure compliance whilst avoiding unnecessary costs, disruption in the supply chain and reputational damage.
• We maintain strong relationships with local and regional customs and tax authorities across the Middle East.
• PwC’s global customs and excise network enables us to connect with experts in different jurisdictions to ensure we can provide the best advice to our clients on projects involving multiple countries.
• We are the leading tax services provider worldwide both in terms of size and scope of our tax practice and reputation.