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 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.
The Hungarian Excise Act is a very strict regulation. Excise products may only be produced, used, stored, traded commercially, purchased from or transported to the territory of the Community, or imported and exported, if they are in possession of an appropriate excise license.
The product subject to the excise act has different tax rates, listed by the Act, and each excise activity needs a different amount of excise guarantee.
Activities carried out without an appropriate excise permit or any irregularities are strictly punished by law.
