Excise Duty
Stay compliant with Saudi Arabia’s excise tax regulations using VITA’s automation solution.
Excise tax is a tax imposed on specific goods including tobacco, energy drinks, and luxury items, in Saudi Arabia. The calculation and review of excise tax can be a complex and time-consuming process for taxpayers.
- VITA automates the calculation and liability review processes for excise tax
- Real-time updates on changes to excise tax rates and regulations
- Accurate and timely reporting to ensure compliance with tax authority regulations
- Reduces the risk of potential penalties for non-compliance with excise tax requirements.