Accotax Accounting Services

.

Excise Tax

FTA is committed to providing comprehensive resources and advice to assist with this; however, the duty rests with the organization to ensure that all regulatory requirements needed are met. FTA has the authority to perform audits of taxable companies and enforce disciplinary action against those not compliant with the legislation. The information in each of the documents would be drawn into the excise tax report and auto-populated after the return period. The taxable person will scrutinize the details given in the report carefully and ensure it is accurate before submission. He will then submit the excise tax return and full excise tax payment.