Excise Duty or Excise Tax is a type of tax charged on goods produced within the country. It is a tax levied on the production or sale of a good.
Not to be confused with Customs Duty which is tax paid when importing a certain good, Excise Duty is paid when producing a good. So for example, if you want to brew your own beer for sale, then you would have to pay Excise Duty. Excise duty rates of various products can be found here: https://www.customs.gov.sg/businesses/valuation-duties-taxes–fees/duties-and-dutiable-goods/list-of-dutiable-goods.
For more information, please contact Singapore Customs. Their website can be found at https://www.customs.gov.sg/.
When in doubt, seek legal advice or consult an experienced ACRA Filing Agent.
Yours Sincerely,
The editorial team at Singapore Secretary Services
For more useful articles and videos, visit the Singapore Secretary Services resource page.