Excise Tax Return Filing
The excise paid during each tax period is listed on an excise tax return. Employers should use the FTA portal to submit their excise tax returns electronically. Returns for excise taxes must be filed within 15 days of the applicable tax period. 15 days after the end of the calendar month, excise tax is due. The filing deadline will be moved to the first working day after a holiday or weekend if it falls on a weekend or a national holiday.
Even though the excise tax has already been paid, it is still advisable to submit excise tax returns on time. The FTA may impose fines for late or incomplete excise return filings. The FTA occasionally reimburses customers for excise taxes they have already paid on previously purchased excise goods. As a result, on his excise tax return the next month, the taxable person may deduct the tax’s value from the total excise tax due to the FTA.
- Dedicated FTA Certified Tax Agents
- FTA Registered Tax Agency
- Qualified Accountants
- Fast & Accurate Services