At the meeting on excise tax
issues, TEI's delegation asked about efforts to enhance the competitiveness of Canadian companies making supplies to a global marketplace, reiterating concerns raised during previous meetings.
The agendas for the CCRA and Department of Finance meetings in respect of excise tax
issues are reprinted in this issue, beginning at pages 542 and 562, respectively.
DOF data showed that the government targeted excise tax
collections from cigarettes this year to reach P126.
Interestingly, despite the changes introduced by the TRAIN law regarding the excise tax
on automobiles, the automobile industry seems to be unscathed.
When raising excise tax
rates, we carefully analyze the situation.
The FTA said that some brands of goods that are not yet on the list will be still subject to excise tax
What businesses should need to know about Excise Tax
The treaties will form the basis for the issuance of national VAT and Excise Tax
legislation by each GCC Member State.
In any case businesses need to start preparing in advance to be able to comply with the new tax obligations including charging, collecting and paying VAT and Excise Tax
to the Tax Authority in a timely manner.
Although some legislative proposals provided for a retroactive repeal of the tax, the moratorium as enacted does not provide for a refund of the medical device excise tax
for sales before Jan.
The insurer will want Alan's employer to include a payment for the excise tax
liability with the payment for Alan's coverage, but, for the insurer, the total cost of the excise tax
liability could be much bigger than the tax payment, Holloway says.
Member of the Parliament of Kyrgyzstan Almazbek Btyrbekov has proposed to raise the excise tax
on beer import into Kyrgyzstan.