What is the rate of excise duty in Kenya?
Kenya
| Category | Class | Excise duty rates |
|---|---|---|
| Other excisable products | Motor vehicles | 20% |
| Cosmetic products | 5% | |
| Imported used computers (more than 3 years from date of manufacture) | 25% | |
| Excisable services | Mobile cellular phone services | 10% |
How is excise tax calculated in the Philippines?
MANNER OF COMPUTATION:
- Specific Tax = No. of Units/other measurements x Specific Tax Rate.
- Ad Valorem Tax = No. of Units/other measurements x Selling Price of any specific value per unit x Ad Valorem Tax Rate.
What is an excise duty tax?
Excise duties are indirect taxes applied to the sale or use of goods such as alcohol, tobacco and energy products. EU rules explain which products are subject to excise duties and how the duties must be applied to them.
What is excise duty how it is calculated?
The indirect tax of excise duty is generally collected by the retail seller from the customers and paid to the government. This duty is payable on the manufacture of goods. It is payable at the time of taking delivery of the goods from the place of production or from the warehouse for the purpose of selling.
What is MSS levy in Kenya?
Pay taxes and merchant shipping (MS) levy.
How much is import duty in Kenya?
Imports into Kenya are subject to a standard VAT rate of 16%, levied on the sum of the CIF value, duty, and other applicable taxes. An import declaration fee of 3.5% and railway development levy of 2%. Tariff rates can be estimated by visiting Kenya Revenue Authority .
How much is the percentage of the excise tax?
2.5% In 2017, excise taxes accounted for $83.8 billion of the federal government’s revenue and 2.5% of total federal tax receipts.
How is rate of duty calculated?
To calculate the estimated duty fee for a shipment where the fee is determined by percentage value, simply multiply the total value of the goods by the percentage that applies to their HTS code, and then divide this figure by 100.
What is difference between excise duty and custom duty?
While excise duty is levied on goods produced or manufactured within the country, custom duty applies to the goods that are sold in India but were produced in a different country. Excise duty is to be paid by the manufacturer of the goods and not by the consumer. Custom duty is to be paid by the importer of the goods.
What is difference between income tax and excise duty?
Income tax is levied on the income of the individual; therefore, it is a direct tax. There are many income tax brackets based on the income of private individuals. Excise duty is levied on the manufactured/finished goods. Therefore, it is an indirect tax.
