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.

Kuwait specifics

In Kuwait, excise tax is imposed on selected products such as tobacco, energy drinks, and carbonated drinks.

How Infor meets the requirement

See the Tax User Guide and the Financials Setup and Administration Guide.