Excise Duties

Excise Duties are part of indirect/imposed taxes. They are levied on selected products as opposed to VAT, which is levied on almost all goods and services. Excise Duties are levied on:

The main feature of this duty is that it is paid when the goods are released for consumption. In most cases, Value Added Tax (VAT) and any other related charges are assessed and collected at the same time as the Excise Duty. The production and movement of products subject to Excise Duty is carried out after customs procedures monitored by the competent authorities.