Excise duty
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.
Mexico specifics
The Impuesto Especial Sobre Producción y Servicios (IEPS) is a federal excise duty that is levied on import and on the sales of certain products and services.
IEPS as the VAT is an indirect tax that taxpayers transfer or charge from their customers.
How Infor meets the requirement
See the Tax User Guide.