Last update of excise tax apply to tobacco and derived products
March 31, 2017
Customs & Global Trade Flash
Through resolution RES-DGH-020-2017, published in the Official Gazette No. 62 on March 28th 2017, the Treasury Department informed the latest update of excise duty applied to tobacco and its derived products, according to the Article 22 of Act No. 9028.
This update is performed according to the consumer price index, between February 2016 and February 2017, which reflected a variation of 1.08% generating the changes detailed below:
|HS Code||Description||Excise tax (per CRC unit)|
|24.01||Unmanufactured tobacco, tobacco refuse.||¢22.88|
|24.02||Cigars, Cheroots, Cigarillos o Cigarettes of tobacco or tobacco substitutes.||¢22.88|
|24.02||Other manufactured tobacco and manufactured tobacco substitutes, homogenized or reconstituted tobacco; tobacco extracts and essences.||¢22.88|
The derived tobacco products, the raw state tobacco and any substitute tobacco, ready to be smoked or not, the excite duty should be determined based on the proportion of grams of tobacco added to an average cigarette.
This new resolution repealed the resolution RES-DGH-0016-2016 (From March 9th, 2017) and it will enter into force from April 1st, 2017.
For further information
Tax & legal
Tax & Legal
Tax & Legal
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.
Deloitte provides audit, consulting, financial advisory, risk advisory, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights, and high-quality service to address clients’ most complex business challenges. To learn more about how Deloitte’s approximately 245,000 professionals make an impact that matters, please connect with us on Facebook, LinkedIn or Twitter.
This publication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the “Deloitte Network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person who relies on this publication.