Companies that are required to conduct an inventory of excisable goods must do so by January 30
The State Tax Service reminded that entities that import, produce or engage in wholesale trade in excisable goods are required to conduct an inventory of excisable goods within 30 days from the date of the last increase in the excise rate. Given that excise rates have changed since January 1, companies must conduct an inventory by January 30. The department explained that malt beer, vermouth and other wines, spirits, cigarettes, tobacco products, tobacco raw materials and all alternative products, including cartridges for electronic cigarettes and refill bottles containing nicotine, are subject to inventory. As noted by the State Tax Service, the inventory must be carried out regardless of whether economic agents are registered as subjects of excise taxation. Manufacturers of goods are required to conduct an inventory of excisable goods of their own production that were removed from a tax warehouse and for which excise duty was calculated and paid at the rate before the change and that are in the warehouse of the entity outside its tax warehouse; located in the warehouse, for which excise duty was calculated and/or paid at the rate in effect before the change. Entities engaged in wholesale trade, but also retail trade in goods subject to excise duty, conduct an inventory of goods only at wholesale points of sale. Importers of goods are required to conduct an inventory of excisable goods in the warehouse for which excise duty has been paid, at the rate in effect before the change. Entities that are required to conduct an inventory of stocks of goods subject to excise duties must pay excise duties and submit a report in form TBDSA15 by 25 February.// 16.01.2025 — InfoMarket.
