(a) On or before the last day of each calendar month, a licensee shall
file a return with the department. The return must state the number or
amount of tobacco products sold by the licensee during the preceding calendar
month, the selling price of the tobacco products, and the amount of tax
imposed on the tobacco products.
(b) The licensee shall remit with the return the tax due under AS 43.50.300 for the month covered by the return, after deducting four-tenths of one percent of the tax due, which the licensee shall retain to cover the expense of accounting and filing the return.