Excise duties are indirect taxes on the sale or use of specific products, such as alcohol, tobacco and energy.
The management of these taxes could be an interesting feature as it affects all EU countries.
The excise tax must increase the cost of the product when it is moved from an internal location where is allowed to stock item without excise taxes, to other internal location where excise duties are required.
This feature requires improvements in:
Reporting for tax forms
The main problem is that internal movements have no cost.
Has anybody already thought or work in a feature like this?
These taxes must be paid for the manufacturer (or the importer) before selling the goods.
These goods are produced (or imported) in a ‘tax free’ location and the company has to pay the tax to move it to a ‘standard’ location for selling. In this payment is when the tax strip is applied.
I have a little experience in the management of excise duties on alcohol. If your warehouse has been declared to customs, it is duty suspended, that is to say that you do not pay the excise if the recipient stock is also duty suspended. The tax is due if the receiving stock is not entitled to suspended duty. Once a month you must make a declaration recapitulating the volumes that have entered and taken out of your stock destined for warehouses with or without suspended duty.