Excise Taxes

Global trade just got a digital watchdog. The UNCTAD Hormuz Dashboard 2026 monitors the Strait of Hormuz crisis, providing tax planners with vital data on fuel and import costs.

India natural gas GST proposal would pair lower GST with input tax credit, CNG excise removal, and LNG customs relief if the government adopts the panel’s recommendations.

EU vape customs operation results show OLAF and 30 countries seized more than 94 million illicit nicotine products, exposing major excise and customs risks.

The taxman is stepping back. New Philippines Fuel Tax Relief rules suspend levies on LPG and kerosene to help Filipinos fight 2026’s rising inflation.

Cash transfers just got more expensive. The new OBBBA Remittance Excise Tax imposes a 1% levy on cash and money order remittances sent abroad.

Macroeconomic stability takes center stage. A deferral of the Philippines Fuel Excise Tax hike is likely after the ADB warned of slowing regional growth.

Michigan Treasury publishes the assumed 50% wholesale-to-retail markup for the Q2 2026 marijuana excise tax period. Licensed businesses now have official guidance for accurate tax calculations starting April 1.

Brazil is raising Brazil Excise Taxes on crude oil exports to fund diesel subsidies and support biofuel incentives amid a global energy price rally.

Driven by a global price rally, Russia Excise Taxes on crude oil extraction are expected to generate 590 billion rubles in March, nearly doubling previous revenue levels.

In response to the Iran war’s energy disruptions, South Korea is deploying a multi-billion dollar extra budget to lower South Korea Excise Taxes on fuel.