Are you aware of excise duty?

Excise duty is a specific type of tax levied on select goods that are produced or manufactured within Australia. These goods are commonly referred to as excisable goods, and they include items such as alcohol, tobacco, and petroleum products.

 

Want to deal in excisable goods?

If you want to produce, store, deal in, or manufacture these types of goods, or if you want to move excisable goods that haven’t had excise duty paid yet, you’ll require a license, or permission from the ATO.

This will also make you responsible for lodging excise returns and paying excise duty.

 

All information was sourced from business.gov.au website. Check out the link for further information!