According to the latest amendment the Excise Duty Act valid from 1 January 1996, companies purchasing light heating oils (subject to Ke 8,340 of Excise Duty) are entitled to claim back the duty paid to their suppliers. This only applies when a company can prove that the light heating oil was used for heating, production of heat or electricity.
The reclaim procedure is similar to the reclaim of input VAT, however a company claiming input excise duty does not have to be registered as an Excise Duty payer. Duty can be reclaimed via monthly applications submitted to the appropriate Financial Authority.
The content of this article is intended to provide general information on the subject matter. It is therefore not a substitute for specialist advice.
For additional information contact Paul Antrobus or Richard Fletcher on 42/2/2440 1300. Or enter text search 'Arthur Andersen' and 'Business Monitor'.
The reclaim procedure is similar to the reclaim of input VAT, however a company claiming input excise duty does not have to be registered as an Excise Duty payer. Duty can be reclaimed via monthly applications submitted to the appropriate Financial Authority.
The content of this article is intended to provide general information on the subject matter. It is therefore not a substitute for specialist advice.
For additional information contact Paul Antrobus or Richard Fletcher on 42/2/2440 1300. Or enter text search 'Arthur Andersen' and 'Business Monitor'.
