excise tax

Excise tax is a single-phase consumption tax payable on the production and the importation to Hungary from EU or third countries of certain products - energy products, beer, still and sparkling wine, other still and sparkling fermented beverages, intermediate alcohol products, alcohol products and tobacco products.  The Excise Tax Act is a national legislation. Although there are EU directives, there is no unified EU regulation concerning excise legislation. Hungary established its system of excise taxation in line with Community principles.