The regulations also affect certain excise taxes
reported on Forms 720, Quarterly Federal Excise Tax
Return, 730, Monthly Tax Return for Wagers, 2290, Heavy Highway Vehicle Use Tax Return, and 11-C, Occupational Tax and Registration Return for Wagering; excise tax
refunds or payments claimed on Form 8849, Claim for Refund of Excise Tax
; and excise tax
registrations on Form 637, Application for Registration (For Certain Excise Tax
The income and excise tax
meetings with CCRA were held on December 2.
In the case of coal, the TRAIN law raised the excise tax
from P10 to P50 per ton this year.
In a separate meeting with CCRA on excise tax
issues, TEI discussed the process for appealing the imposition of customs duties (as well as appeals of penalties levied under the administrative monetary penalty system), the duties applicable to "wheeling" electricity, and several other import duty questions.
The higher excise tax
take in January came on the back of the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Act.
manufactured and, eventually, taken out of the factory), the person liable must pay the corresponding excise tax
equivalent to the applicable schedular excise-tax rate, multiplied by the net manufacturer's/assembler's/importer's selling price.
For import of whiskey, vodka and liqueur, the excise tax
is set at the level of 10 manats [$5.
This is higher than the government's current excise tax
collection on imported coal totaling P300 million or one centavo per kilogram, he added.
DUBAI: Following the introduction of excise tax
in the UAE on October 1 , the Federal Tax Authority (FTA) has clarified that the Excise Goods Price List downloadable from its website is a reference for tax calculation only - and not for setting retail prices.
The Federal Tax Authority on Wednesday announced that the authority is all set to implement Excise Tax
in the country from next week.
Summary: The GCC Ministers of Finance approved in principle the Value Added Tax (VAT) and Excise Tax
by Staff Reporter Companies should take action now to prepare for Value Added Tax and Excise Tax
, urged Price Waterhouse Coopers.
The GCC Ministers of Finance held an extraordinary meeting on Thursday 16 June in Jeddah and approved in principle the Value Added Tax (VAT) and Excise Tax
This item discusses some frequently asked questions with respect to the medical device excise tax
and the current state of the law.
Because a health insurer administering the tax cannot deduct the excise tax
amount from its own taxable income, the full amount an insurer will expect to get from an employer for paying the tax may be about 60 percent bigger than the tax payment itself, Holloway warns in the analysis.