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- Tue Jun 03, 2008 3:35 pm
- Forum: Opinions
- Topic: Federal Excise Taxes?
- Replies: 8
- Views: 8013
Re: Federal Excise Taxes?
Keep in mind that the FET is due on the premium exported out of the country. So if you pay net premium to the Bermuda market, calculate the 4% on the net premium. Also, the filing of the FET is the obligation of the entity that exports the money, so if you used a U.S. based wholesaler and they colle...