Excise for a small importer
We import small volumes of energy drinks. Is there a minimum before excise applies?
The situation
Excise applies to excise goods whatever the volume once you import or produce them.
The law
- Decree-Law No. 40 of 2017 on Selective Tax (Excise): Excise on tobacco products and energy drinks at 100% and on carbonated and sweetened drinks at 50%, administered by the NBR
What it means for you
Excise is not like VAT: the sources reviewed show no turnover threshold. Once you import or produce excise goods you are liable and need registration. Small volumes still need registration, returns and stock records.
What to do
- Register.
- Compute excise.
- File.
- Keep records.
We can do this for youExcise (selective tax) registration and returns for importers and producers: BHD 250