Register excise tax

Excise taxes are levied on the production or sale of specific goods, such as fuel, alcohol, and tobacco. In Business Central, you can register and track excise tax information to ensure accurate tax reporting and compliance with regulatory requirements. By registering excise tax, your company can streamline tax calculations, maintain detailed audit trails, and reduce the risk of non-compliance penalties.

Note

Note:
Registering excise taxes doesn't create general ledger entries. It only calculates the excise tax amounts for reporting purposes.

Register excise tax

Select Search (Alt+Q) in the upper-right corner, enter Excise Journal, and select the related link.
Choose the Generate Excise Tax Entries action to open the Generate Excise Tax Journal Entries page.
Fill in the filter fields as necessary. Hover over a field to read a short description.
Optionally, you can use the Dimensions action to add dimensions to the selected line.
On the Excise Journal page, choose the Register action.

Review your excise tax transactions

After you register your excise taxes for items or fixed assets, you can use the Excise Taxes Transaction Logs page to review the data. To drill down deeper into the transactions, use the Item Ledger Entry and FA Ledger Entry actions to explore the ledger entries for them.

Set up excise tax
Use CBAM and EPR calculations
Financial management