Excise Duty

Excise Duty or Excise Tax is a type of tax charged on goods produced within the country. It is a tax levied on the production or sale of a good.

Not to be confused with Customs Duty which is tax paid when importing a certain good, Excise Duty is paid when producing a good. So for example, if you want to brew your own beer for sale, then you would have to pay Excise Duty. Excise duty rates of various products can be found here: https://www.customs.gov.sg/businesses/valuation-duties-taxes–fees/duties-and-dutiable-goods/list-of-dutiable-goods.

For more information, please contact Singapore Customs. Their website can be found at https://www.customs.gov.sg/.

 

When in doubt, seek legal advice or consult an experienced ACRA Filing Agent.

 

Yours Sincerely,
The editorial team at Singapore Secretary Services

 

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2018-10-28T12:34:09+00:00October 28th, 2018|
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