Rest Assured with Excise Tax Audit Assistance

The UAE authorities levy excise tax on imported and domestic goods that are not good for human health or the environment, such as tobacco and carbonated drinks. Businesses must balance production, inventory management, tax liability declarations, and many other factors to avoid facing severe penalties for non-compliance.

An unannounced audit in such a scenario usually multiplies the stress, especially when a company is not prepared for it. Avyanco offers seamless excise tax audit assistance services so you can confidently fulfil all the audit requirements in case of a surprise audit.

Scope of Excise Tax Audit in the UAE

The Federal Tax Authority (FTA) holds the ultimate right to conduct audits at any company that trades excise goods. They can visit the premises to take samples or ask you to visit their offices with proper documentation.

Audits aim to verify proper tax calculations, reporting your tax liability, and that payments are made as per the latest regulations within the legal timeframe. 

FTA can send an auditor unannounced to your office whenever they feel an audit is required.

Excise Tax Audit Procedure

The excise tax audit procedure starts when an investigator arrives at your premises. The investigator would gather and examine specific documents and records, such as –

• Trade invoices 
• Copies of bills of lading 
• Inventory counts
• Samples of excisable finished goods 
• Internal correspondence

They would verify the total tax liable with the excise tax paid. The entire audit process is to ensure that there are no wrong tax computations, tax owed, or non-compliance to any regulations. 

Power of a Tax Auditor during an Excise Tax Audit

During an audit, auditors can access all the necessary and crucial information like original trade invoices, copies of bills, inventory records, and goods samples. 

They can enforce legal powers to command the business to show any record or document that is relevant to their excise tax liability. 

How Avyanco’s Team of Experts Can Assist with Excise Tax Audit

Avyanco assists you in preparing for surprise audits by working alongside you to ensure your business operations are compliant with excise tax laws. 

Our experienced excise tax professionals help you in the following ways – 

• Error-Free Documentation – We verify all the documents maintained for excise goods, including production, import, and export records, to ensure they are compliant with all the regulations.
• Correct Tax Calculations – Our excise tax advisors double-check your self-prepared tax computations to ensure they contain no shortfalls that could result in penalties during an audit.
• Inventory Integrity – Avyanco physically inspects inventory counts across your facilities and dates to confirm stocks. 
• Overall Audit Readiness – We strengthen overall audit preparation by data gathering and staff training so you can confidently show compliance during an audit.