EXCISE TAX

Which of the following is a characteristic of the Excise Tax?

• Excise taxes are primarily for low-earn customers.

• Excise Tax is a direct tax.

• The application of high excise tax rates is to regulate the production and use of these goods and services.

• Specifically, goods and services subject to excise tax are levied twice at the stage of production, import of goods or business of services

Which of the following services is not subject to excise tax?

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The aim of establishing excise tax is to:

• Regulate social production and consumption as well as imports.

• Fund infrastructure maintenance at some goods.

• Balance price between export products and import products.

• Control the amount of high value products imported in domestic market

According to excise tax policy, when is the time for determination of service’s excise tax? 

• The time of earning revenue is the time of transferring the right to own or use the goods to the buyer, whether the payment is collected or not.3

• The time of earning revenue is the time of completion of service provision or issuance of the invoice for service provision buyer, whether the payment is collected or not.

• Time of registration of the customs declaration

• None of them are correct

Excise taxes are different from sales tax in two important ways. One of them is…

•   Sales tax is charged as a percentage of the purchase price. An excise tax is usually a fixed amount added to the price

• Sales tax is charged only on specific goods while excise tax can apply to most things a person might buy

• Excise tax is a direct tax while sales tax is not

• Sales tax has much more tax rates than excise taxes

Excise taxpayers may have the paid tax amounts refunded in the following cases:

• Goods which are raw materials imported but not for export production and processing

• Finalization of underpaid tax amounts

• Goods temporarily imported for re-export

• Goods are not allowed to import due to paper’s problems

Which of the following products is subject to excise tax?

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