Many excise taxes go into trust funds for projects related to the taxed product or service, such as highway and airport improvements. Excise taxes are independent of income taxes. Often, the retailer, manufacturer or importer must pay the excise tax to the IRS and file the Form They may pass the cost of the excise tax on to the buyer.
Some excise taxes are collected by a third party. The third party then sends the tax to the IRS and files the Form For example, the tax on an airline ticket generally is paid by the purchaser and collected by the airline. If the due date for filing a return falls on a Saturday, Sunday or legal holiday, the due date is the next business day.
Owner or person having possession of the alocohol products which were removed from the place of production without the payment of excise tax. For each place of production, a separate return shall be filed and the excise tax shall be paid before removal of the alcohol products from the place of production. The filing of return and payment of excise tax due thereon shall be in accordance with the provisions of existing applicable revenue issuances.
PDF Guidelines. Manufacturer or producer of locally manufactured or produced non-essential goods such as jewelries, perfumes, toilet water, yachts and other vessels intended for pleasure or sports;.
Buyer or transferee of automobile not previously taxed and subsequently sold or transferred by the tax-exempted seller; and.
Owner or person having possession of the above articles which were removed from the place of production without the payment of excise tax. For each place of production, a separate return shall be filed and the excise tax shall be paid before removal of the abovementioned products from the place of production.
This excise return shall be filed and the excise tax due, if any, shall be paid at the same time within ten 10 days following the close of the month. First buyer, purchaser or transferee for local sale, barter, transfer or exchange of indigenous petroleum, natural gas or liquefied natural gas; and.
Owner or person having possession of the minerals and mineral products which were mined, extracted or quarried without the payment of excise tax. For each place of production, a separate return shall be filed and the excise tax shall be paid upon removal of the mineral products from the place of production.
In the case of locally produced or extracted minerals or quarry resources where the mine site or place of extraction is not the same as the place of processing or production, the return shall be filed and the excise tax paid to the Revenue District Office having jurisdiction over the locality where the same are mined, extracted or quarried.
On locally produced or extracted metallic mineral or mineral products, the person liable shall file a return and pay the tax within fifteen 15 days after the end of the calendar quarter when such products were removed, subject to the filing of a bond in an amount which approximates the amount of excise tax due on the removals for the said quarter.
Manufacturer, or producer of locally manufactured, produced or refined petroleum products;. Any person engaged in blending, reprocessing, re-refining or recycling of previously taxed petroleum products;.
A claim for refund for the overpayment of tax may be filed by the seller or buyer, but not by both. The information below provides the general rules for filing a claim for refund. A seller who paid sales or use taxes in error to the Department of Revenue on the federal excise tax on heavy trucks and trailers may file a claim for refund.
A seller choosing to file a claim for refund can amend a previously filed Sales and Use Tax Return through one of the following methods:.
A seller is not required to file a claim for refund of the federal excise tax on heavy trucks and trailers and may direct the buyer to request a refund of overpaid tax directly from the Department of Revenue see "Buyers" below.
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