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An excise tax is a type of indirect tax imposed on specific goods and services, often levied at the point of production or sale. Unlike sales tax, which is applied to a wide range of products, excise taxes typically target specific items such as alcohol, tobacco, gasoline, and luxury goods. The revenue generated from excise taxes is often used to fund particular government programs or initiatives related to the taxed products, such as public health campaigns for tobacco. This tax can also serve to discourage the consumption of certain goods deemed harmful.
What else can I help you with?
Is excise tax the same as sales tax?
no
A tax on perfume is what kind of tax?
A tax on perfume is an excise tax. An excise tax is an in-country, or inland, tax on a specific good produced for sale. If the tax is on the perfume as it is imported, it is a customs duty or border tax.
What is the difference between a tariff and an excise tax?
A tariff is the tax placed on the shipment of imported goods that are imported. An excise tax is an indirect tax that is charged upon the sale of one good.
Which is an example of an excise tax?
a tax on certain products
Which best defines excise tax?
a tax on a vendor's sale by an authorized level of government
A tax on perfume is an example of what?
A tax on perfumeA tax on perfume is an example of an excise tax. Excise taxes are indirect taxes on certain types of goods.
What is the meaning of vat tds service tax excise?
Tds means TAX DEDUCTIONS AT SOURCE
What is a tax on production or sale of good called?
excise tax
What items get excise tax?
alcohol cigarettes and items like that are taxed with and excise tax
A tax on perfume is an example of?
an excise tax.
What tax is not calculated as a percentage?
Excise tax
Is excise tax the same as sales tax?
no
How would you use excise in a sentence?
you can use excise in a sentence like if you excise that irrelevant remark you will improve your essay or the excise imposed on such potentially dangerous products as tobacco and alcohol have skyrocketed.Congress levied an excise tax on tobacco products.The surgeons will try to excise the tumor.
A tax on perfume is what kind of tax?
A tax on perfume is an excise tax. An excise tax is an in-country, or inland, tax on a specific good produced for sale. If the tax is on the perfume as it is imported, it is a customs duty or border tax.
What is the difference between a tariff and an excise tax?
A tariff is the tax placed on the shipment of imported goods that are imported. An excise tax is an indirect tax that is charged upon the sale of one good.
What was the tax placed on the distilling of liquor?
Excise Tax
What is a tax on the manufacturer is sale of a good?
Excise Tax
