Excise tax

Excise duty is levied on the specific manufactured goods and becomes payable upon removal of goods from the place of manufacture. The rate depends on the classification of goods and concessions or exemptions available.

New Zealand specifics

Manufactured goods such as alcohol, tobacco and fuels commercially sold in New Zealand are subject to Excise duty. Such tax is generally payable on all excisable goods removed from or consumed in the licensed area during a calendar month.

The Excise return should be submitted no later than fifteen (15) working days from the end of the calendar month to which the return relates. Excise duty on fuels and tobacco are due on the 15th working day following the end of the month in which the goods were removed. Excise duty on alcohol is due on the last working day following the end of the month in which the goods were removed or consumed.

Returns and payments can also be made on a six monthly or yearly basis in some circumstances.

How Infor meets this requirement

See the Tax User Guide.

See the Financials Setup and Administration Guide.