Alcohol is not only subject to VAT but also to special consumption tax according to the law. So how is special consumption tax calculated for alcohol ? Follow the article below by MISA MeInvoice to calculate the special consumption tax that must be paid for alcohol.
How to calculate excise tax on alcohol
How to calculate excise tax on alcohol
Note: Before learning about how to calculate special consumption tax on alcohol, you can learn more
about special consumption tax in the article below.
Learn more:
[New] What is special consumption tax? Subjects subject to special consumption tax
Table of Contents Hide
1. Tax rates and formula for special australia telegram data consumption tax on alcohol
2. How to calculate special consumption tax on alcohol
2.1. Cases where tax arises on both input and output
2.2. Tax cases arise when alcohol has packaging
3. Related questions when calculating special consumption tax
3.1. What is the current import tax rate for wine?
3.2. What is the excise tax rate on beer?
4. Conclusion
1. Tax rates and formula for special consumption tax on alcohol
According to the Law on Special what about search results that tell you Consumption, alcohol is one of the goods subject to special consumption tax. Depending on the different properties of alcohol, the tax rate applied to alcohol will be different, specifically as follows:
Wine with alcohol concentration below 20 canada data degrees will be subject to a tax rate of 35%.
Wine with alcohol concentration above 20 degrees will be subject to a tax rate of 65%.
From the excise tax rate of alcohol, the formula to determine the amount of tax payable on alcohol is:
2. How to calculate special consumption tax on alcohol
Instructions on how to calculate special consumption tax on alcohol
Instructions on how to calculate special consumption tax on alcohol
The calculation of special consumption tax on alcohol will depend on each case to have different adjustments. Follow the cases below to determine the appropriate calculation method.For example: Company A specializes in producing wine (the company is registered to deduct VAT according to the deduction method). The company imports 1,250,000 liters of wine at a price of 0.85 USD/liter. The import tax on wine is 20%. The company pays all taxes and documents. In October, 700,000 liters are released from the warehouse to produce 2,100,000 bottles of wine. The produced bottles will be sold