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.

Australia specifics

Excise is a commodity-based tax on alcohol, tobacco, fuel, and petroleum products. A company that produces, stores, or manufactures these goods in Australia is required to have an excise license and pay excise duty. They are called excisable goods.

The list of excise duty rates is available from the Australian Taxation Office website. The rates can change regularly.

The Excise Return (NAT 4285) Form is used to report excise returns of the liabilities under periodic settlement permission (PSP). It is also used to request authorization to deliver excisable goods for home consumption.

If error corrections are made to an earlier excise return in relation to the product details, an amended excise return is required. This includes error corrections to the tariff item or to the product volume.

How Infor meets this requirement

See the Tax User Guide.