Dulay had said that the proliferation of counterfeit cigarette tax stamps 'definitely impact' on the collection of excise taxes
As representatives of our people mandated by our Constitution to identify sources of revenues for the government, the vanity tax was proposed in good faith to spare our people from the scourge of imposing excise taxes
on petroleum,' Batocabe said.
Irsis enables the collection of the correct excise taxes
on tobacco and alcohol products.
case is affirmed by the Supreme Court, taxpayers who have paid excise taxes
A tax-exempt user would normally claim a credit on a Form 4136, Credit for Federal Tax Paid on Fuels, attached to its annual income tax return; users that do not file an income tax return would claim a refund on Form 8849, Claim for Refund of Excise Taxes
, at the end of the year.
21, 1995, Form 5330, Return of Excise Taxes
Related to Employee Benefit Plans, is filed for each tax year in the taxable period and the employer pays the 5% excise tax on the amount involved.
Taxpayers who pay excise taxes
on insurance premiums in connection with exported goods, and as to which the premiums are based on the value of the goods being exported, should examine the implications of this case with respect to their specific circumstances.