Several months ago, we reported on changes involving TTB's process of collecting Federal Excise Tax on alcoholic beverages imported from overseas.
The changes stem from the Federal Excise Tax benefits associated with the Craft Beverage Modernization Act of 2017 (CBMA), which reduced Federal Excise Tax rates for the production and importation of beer, distilled spirits, and certain tax credits for wine.
Starting in January 2023, importers seeking to take advantage of available CBMA tax benefits must pay the full Federal Excise Tax rate initially to the CBP, and then later submit a refund claim on the tax to the TTB.
Recently, TTB implemented a new CBMA Importer Claims System available in myTTB. Now that Q1 of 2023 is in the books, importers can now file claims for refunds based on imports made during the first calendar quarter of 2023.
TTB has issued guidance which provides step-by-step instructions for submitting claims in the new myTTB program. Industry members would be wise to get ahead of these changes and create compliance processes to implement the new processes going forward.
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