Tax Compliance Services

 1. Definition and Purpose Excise Tax is an indirect tax levied on the import, manufacture, production, or release for consumption of specific goods that are deemed harmful to human health or the environment, or that require controlled consumption. Excise tax compliance ensures that such goods are properly declared, taxed, and monitored by the tax authority. From a regulatory standpoint, excise tax is both a revenue mechanism and a public policy control tool . 2. Goods Commonly Subject to Excise Tax While the scope varies by jurisdiction, excise tax typically applies to: Tobacco products Carbonated drinks and sweetened beverages Energy drinks Alcoholic beverages Electronic smoking devices and liquids Entities involved in manufacturing, importing, warehousing, or distributing such goods are generally within scope. 3. Registration and Licensing Requirements Businesses subject to excise tax are required to: Register with the tax authority as an excise taxpayer ...

 Enhancing Transparency and Regulatory Compliance Overview Ultimate Beneficial Owner (UBO) filings are a mandatory compliance requirement designed to identify the natural persons who ultimately own, control, or benefit from a legal entity . Regulators worldwide require UBO disclosure as part of global initiatives to strengthen corporate transparency, combat financial crime, and enhance anti-money laundering (AML) and counter-terrorist financing (CTF) frameworks. At Devenir Corporate Services , we support clients in managing UBO filings accurately and in line with applicable regulatory obligations, ensuring full compliance while maintaining confidentiality and governance integrity. Who Is Considered a UBO? A UBO is generally defined as an individual who: Directly or indirectly holds a significant ownership interest (commonly 25% or more, subject to jurisdiction) Exercises effective control or influence over the company’s management or decision-making Ultimately benefits fr...

  1. Major 2026 Tax Procedure & VAT Overhaul – The UAE has issued significant amendments to the Tax Procedures Law and VAT Law effective 1 January 2026 , which harmonise compliance rules across VAT, Corporate Tax, and Excise Tax, creating a unified statutory framework for audits, refunds, and record-keeping. These reforms tighten due diligence standards and standardise audit procedures across taxes. 2. Five-Year Limits on Refunds, Credits & Audits – New statutory time limits have been introduced, including five-year windows for VAT refund claims and for the Federal Tax Authority’s ability to conduct audits or apply excess credits, significantly impacting long-term tax planning and record retention. 3. E-Invoicing Roll-Out Requirements – Mandatory e-invoicing for eligible businesses is being phased in by July 2026 . This moves compliance from periodic filings to real-time digital reporting , requiring structured invoice data via accredited service providers. 4. VAT Law A...