Taxcise simplifies the Excise Tax management for you. Using latest cutting edge technologies like Robotic Process Automation and Artificial Intelligence, Taxis automatically file declarations and reconciles them for you.
Import data from your current system using standard templates provided.
Allow Taxcise access to your eServices account.
Sit back and watch Taxcise file declarations, calculate balances and improve financial efficiency.
Our mission is to make Excise compliance as smooth as possible for our clients helping to reduce fines and ease the production and movement process with the FTA
Our teams have built and managed large technology implementations across the Middle East. Our tax experts understand local laws and compliances and have shared their in-depth knowledge into building Taxcise. Furthermore, Taxcise is built by the same team which has built an Excise Tax portal for a government entity in the GCC.
We understand the complexity of dealing with Excise goods so we built a solution to take away the pain of completing declarations so you can focus on growing your business.
(Formerly IT Director at the Federal Tax Authority)
As a result of non-compliance and errors many organizations have been penalized (with fines over AED 1M) or had the movement of their goods stopped!
FTA are increasing their Audits of Excise companies and this often results in large fines.
With a large number of declarations to complete, many organizations deploy a little army to complete the declarations on FTA's e-Services account.
It is not easy to be efficient when considering which import to deduct from a declaration.
There is often a lack of transparency on how the excise returns are calculated by the FTA and reconciling this number to your inventory management system.
You only need to work on your ERP or Inventory management system. Taxcise will use the decisions you make (e.g. imports, productions or movements) and automatically populate FTA’s e-Services on your behalf. Saving you time!
Taxcise will explore the imports you have made on a particular product and advise you which import would be the most economically beneficial for you to deduct against. Saving you money!
Taxcise generates an Excise return file for you mirroring the return generated by the FTA. This will give you an insight into how your returns are calculated and help you detect any errors. Giving you transparency!
Taxcise provides UAE specific features to ensure that your Excise Tax returns are accurate and compliant. Always!!!
● Understand your stock by site
● Comparisons with FTA portal
● Excise Tax by site
● Transaction history by period
● Stock detail by site
● Returns calculation audit support
● Compare your current stock vs submitted bank guarantee
● Notifications when to update your guarantee