EXCISE TAX

EXCISE TAX

Excise tax is an indirect tax, levied on luxury goods and services in order to regulate production, import and consumption in society. Aim to increase the state budget and strengthen the management of production and business for taxable goods and services.

Goods subject to excise tax: Beer; Playing cards; Alcohol; Gasoline; Cigarettes, cigars; Aircraft, yachts; Code votive, code row; Air conditioners with a capacity of 90,000 BTU or less; 3-wheeled motorcycles, 2-wheeled motorcycles with a cylinder capacity of over 125 cm3; Cars that both carry people, including cars with less than 24 seats, and carry goods on 2 rows of seats, have a partition design between the passenger compartment and the cargo compartment.

Services subject to excise tax: Lottery business; Massage, karaoke; Bars, discos; Betting business; Trading in video games, casino casinos; Golf business includes membership cards, golf tickets.

How to calculate excise tax:

Price for calculating excise tax= (Price excluding VAT)/ (1+ excise tax rate)

Excise tax= Price for calculating excise tax * excise tax rate

The deadline for submitting monthly tax declaration dossiers is determined herein as the twentieth day of the month following the month in which the tax liability arises. In addition, the deadline for submitting tax declaration dossiers for each time a tax liability arises is the tenth day from the date of arising of the tax obligation.