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Excise duty is an indirect tax, and its harmonization at the level of the European Union means that each Member State will have to introduce excise duty on a given group of products<\/strong>. However, the excise amount does not have to be the same in each country.<\/span><\/span><\/p>\nIf the TED directive enters into force, the issues of transport will most likely change.<\/span> Products will be moved between tax warehouses<\/strong> in the EMCS computer system<\/strong> under the excise duty suspension procedure<\/strong> (without excise duty paid<\/strong>). It relates to domestic trade, trade between EU Member States, and within the territory of the European Community \u2013 as a part of export and import.<\/p>\nSpecific rates for these products will also be set, which will facilitate the functioning of many enterprises.<\/span><\/span> Of course, the greatest simplification would be the complete absence of excise duty in all countries, but since such a scenario is not realistic, for companies operating in countries where excise duty is in force and for their clients, the introduction of harmonized excise duty in the EU will, in some aspects, actually<\/span><\/span> facilitate their functioning.<\/span><\/span><\/p>\n<\/div>\n[ad_2]\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"[ad_1] Excise duty is an indirect tax, and its harmonization at the level of the European Union means that each Member State will have to introduce excise duty on a given group of products. However, the excise amount does not have to be the same in each country. If the TED directive enters into force, […]\n","protected":false},"author":340,"featured_media":29115,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nExcise duty - Is your supply chain secured? • Magical Flavour Wholesale<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/magicalflavour.com\/de\/excise-duty-is-your-supply-chain-secured-2\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Excise duty - Is your supply chain secured? • Magical Flavour Wholesale\" \/>\n<meta property=\"og:description\" content=\"[ad_1] Excise duty is an indirect tax, and its harmonization at the level of the European Union means that each Member State will have to introduce excise duty on a given group of products. 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