Excise Tax

Excise Tax

 Excise Tax , is a tax levied on the use or consumption of certain products

 In the UAE, the tax is currently imposed on tobacco products, energy drinks and soft drinks

 Excise tax is a form of indirect tax borne by the final consumer of the product

 This tax shall be levied on goods imported by the supplier or sold by the factory only once and shall be considered a final tax unless it is used in the production or the manufacture of other goods

The factory that is concerned with the manufacture or production of excise dutiable products has the right to deduct the levied tax on its inputs from the tax imposed on its final products