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EXCISE DUTY RETURN LICENSED USER Protected when completed Business name Page 1 of 5 Send this completed return to: Mailing Address City Province Postal Code CANADA REVENUE AGENCY EXCISE & OTHER LEVIES
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What is excise duty return?
Excise duty return is a form that needs to be filed by businesses who engage in the production, manufacture, or sale of excisable goods. It is a declaration of the excise duty liabilities and payments made by the business.
Who is required to file excise duty return?
Businesses involved in the production, manufacture, or sale of excisable goods are required to file excise duty return. This includes manufacturers, importers, exporters, and wholesalers of such goods.
How to fill out excise duty return?
To fill out excise duty return, businesses need to provide details of their excise duty liabilities, such as the quantity and value of goods produced or sold. They also need to report the payments made towards excise duty. This information is usually provided in a prescribed form provided by the tax authority.
What is the purpose of excise duty return?
The purpose of excise duty return is to enable businesses to report their excise duty liabilities and payments accurately to the tax authority. It helps the tax authority to monitor compliance with excise duty regulations and ensure that the correct amount of duty is paid.
What information must be reported on excise duty return?
On excise duty return, businesses must report details such as the description and quantity of excisable goods produced or sold, the value of these goods, and the amount of excise duty payable. They also need to provide information about any excise duty payments made during the reporting period.
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