Excise Tax

Excise Tax is a consumption tax that applies to specific goods generally deemed harmful to human health, with the aim of reducing consumption.

All companies which import and produce excise goods are required to submit the Excise Tax return (Submission is quarterly).
Excise tax is applicable on the following goods (‘excise goods’) at their respective tax rates:

  • Tobacco products: 100%.
  • Carbonated drinks (non-flavored aerated water excluded): 50%.
  • Energy drinks: 100%.
  • Special purpose goods: 100%.

Importers of excise goods are required to pay the Excise Tax due upon import. The Excise Tax due shall be included on the importer’s import declaration and will be liable to pay the Excise Tax and any customs duties due at the point of entry of the goods.

We will assist you in:

  • Review Excise Tax records, returns and reconciliation…
  • The preparation and submission of the excise tax declaration to the General Tax Authority (GTA) in compliance with Income Tax Law No. 25 of 2018 and its executive regulations.

    01

    What We Do

    Vtandem LLC is growing at impressive and yet increasing speed. In order to involve them right away and offer clients a broader view of what Vtandem LLC is able to deliver on a global scale.

    02

    Our Approach

    We understand that each client is unique and hence, we are open to different engagement models. We have three most frequently employed engagement models by our clients.

    03

    Our Mission

    We are the leading, network of professional service providers with a local service approach. Our commitment to support and inspire small and medium-sized clients with a global reach.

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