Excise Tax Flashcards
(24 cards)
Distilled Spirits
Alcoholic Products
2025 onwards = 22% AVT + 6% ST increase every year
2024 = 22% AVT + 59.00 ST
2023 = 22% AVT + 52.00 ST
2022 = 22% AVT + 47.00 ST
2021 = 22% AVT + 42.00 ST
2020 = 20% AVT + 24.34 ST
Wines (Old Rule)
Alcoholic Products
500 or less = 328.98/liter
more than 500 = 921.15/liter
4% or less alcohol = 39.48/liter
4% to 25% alcohol = 78.96/liter
Wines (New Rule)
Alcoholic Products
January 23, 2020 = 50.00/liter
January 1, 2021 = 53.00/liter
January 1, 2022 = 56.18/liter
January 1, 2023 = 59.55/liter
January 1, 2024 = 63.12/liter
2025 onwards = 6% ST increase every year
Vapor Products (Nicotine Salt)
Tobacco Products
Jan. 23, 2020 = 37.00
Jan. 1, 2021 = 42.00
Jan. 1, 2022 = 47.00
Jan. 1, 2023 = 52.00
2024 onwards = 5% ST increase every year
Vapor Products (Classic Nicotine)
Tobacco Products
Jan. 23, 2020 = 45.00
Jan. 1, 2021 = 50.00
Jan. 1, 2022 = 55.00
Jan. 1, 2023 = 60.00
2024 onwards = 5% ST increase every year
Heated Tobacco Products
Tobacco Products
Jan. 1, 2020 = 10.00
Jan. 23, 2020 = 25.00
Jan. 1, 2021 = 27.50
Jan. 1, 2022 = 30.00
Jan. 1, 2023 = 32.50
2024 onwards = 5% ST increase every year
Cigars
Tobacco Products
Jan. 1, 2021 = 20% AVT + 6.57 ST
Jan. 1, 2022 = 20% AVT + 6.83 ST
Jan. 1, 2023 = 20% AVT + 7.10 ST
2024 onwards = 5% ST increase every year
per cigar
Cigarretes packed by hand
Tobacco Products
Jan. 1, 2020 = 45.00
jan. 1, 2021 = 50.00
Jan. 1, 2022 = 55.00
Jan. 1, 2023 = 60.00
2024 onwards = 5% ST increase every year
per pack or 20s
Cigaretts packed by machine
Tobacco Products
Jan. 1, 2020 = 45.00
jan. 1, 2021 = 50.00
Jan. 1, 2022 = 55.00
Jan. 1, 2023 = 60.00
2024 onwards = 5% ST increase every year
per pack or 20s
Lubricating oils and greases
Processed gas
Waxes and petrolatum
Denatured alcohol
Asphalts
Naphtha
Unleaded premium gasoline
Petroleum Products
10.00
per liter
Kerosene
Diesel fuel oil
Liquefied petroleum gas use for motive power
Bunker fuel oil
Petroleum Coke
Petroleum Products
5.00
per liter
Aviation turbo jet fuel
Kerosene when used as aviation fuel
4.00
per liter
Liquefied petroleum gas
Petroleum Products
3.00
per kilogram
Naptha and pyrolysis
Liquefied petroleum gas when used as raw material in production
Petroleum coke when used as feedstock
0.00
Domestic or Imported Coal or Coke
Mineral Products
Jan. 1, 2018 = 50.00
Jan. 1, 2019 = 100.00
Jan. 1, 2020 and onwards = 150.00
Sand, Gravel, limestone, Clay, Marble
(Nonmetallic Minerals)
Mineral Products
Locally extracted = 4% of Actual MV
Imported = 4% of Value in BOC
Locally extracted natural gas = Exempt
Iron, Copper, Gold, Silver
(Metallic Minerals)
Mineral Products
Locally extracted = 4% of Actual MV
Imported = 4% of Value in BOC
Indigenous Petroleum
Mineral Products
6%
Purely Electric
Automobiles
Exempt
Hybrid
Automobiles
50% of the rates
Other than Purely Electric and Hybrid
Automobiles
0 to 600,000 = 4%
600,000 to 1,000,000 = 10%
1,000,000 to 4,000,000 = 20%
over 4,000,000 = 50%
Jewelries, Perfumed, Toilet Waters, Yachtdd and Other Vessels for Pleasure
Non-Eseential Goods
20%
Sweetened tea
All carbonated beverages
Flavored water
Energy and sport drinks
Sweetened juice drinks
Other powdered drinks
Cereal and grain beverages
Other non-alcoholic beverages
Sweetened Beverage (SAFE-SOCO)
Using purely caloric sweetener, purely non-caloric sweetener, or mixture of both = 6.00
Using purely high-fructose corn syrup = 12.00
Using purely coconut sap sugar / purely steviol glycosides = Exempt
Invasive Cosmetic Procedure
Non-Essential Services
5% of Gross Receipts (excluding excide tax and VAT)
