excise tax meaning - EAS
Indirect tax- According to 2 sources
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- https://www.investopedia.com/terms/e/excisetax.asp
An excise tax is a legislated tax on specific goods or services at purchase such as fuel, tobacco, and alcohol. Excise taxes are intranational taxes imposed within a government infrastructurerather than international taxes imposed across country borders. A federal excise tax is usually collected from motor fuel sales, … See more
Excise taxes are primarily for businesses. Many of them are paid by merchants who then pass the tax on to consumers through higher prices. Merchants pay excise taxes to wholesalers and conside… See more
Ad valoremis a Latin phrase that literally means according to value. An ad valorem tax is charged on a percentage basis. This results in an excise tax tha… See more
Excise taxes are also charged on some retirement account activities. Many people are familiar with these taxe… See more
Specific excise taxes are a set tax or fee added to a certain product on a per-unit basis. Some examples of f… See more
Benjamin Franklin once said, "Nothing is certain except death and taxes."10And there is certainly a plethora of different taxes to go around. While most people know what income taxes and sales taxes are, excise taxes may not … See more
- https://www.irs.gov/newsroom/an-overview-of-excise-tax
Oct 07, 2020 · Excise taxes are imposed on a wide variety of goods, services and activities. The tax may be imposed at the time of. Import; Sale by the manufacturer; Sale by the retailer; …
- https://www.merriam-webster.com/dictionary/excise tax
Dec 05, 2022 · The meaning of EXCISE TAX is a tax on certain things that are made, sold, or used within a country : excise. a tax on certain things that are made, sold, or used within …
- https://www.irs.gov/businesses/small-businesses-self-employed/excise-tax
Excise taxes are taxes that are imposed on various goods, services and activities. Such taxes may be imposed on the manufacturer, retailer or consumer, depending on the specific …
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- https://taxfoundation.org/tax-basics/excise-tax
An excise tax is a tax imposed on a specific good or activity. Excise taxes are commonly levied on cigarettes, alcoholic beverages, soda, gasoline, insurance premiums, amusement …
- https://www.wallstreetmojo.com/excise-tax
Excise tax is an indirect tax imposed on the manufacturing, selling, or license of particular products and services. This includes tobacco, alcohol, highways, fuel, etc. The seller or …
What Is an Excise Tax? - The Balance
https://www.thebalancemoney.com/what-is-an-excise-tax-5190695Nov 07, 2022 · An excise tax is similar to a sales tax, but it's levied only on certain products or services. The most common excise taxes are imposed on tobacco, alcohol, and gasoline. But …
- https://www.bir.gov.ph/index.php/tax-information/excise-tax.html
Excise Tax is a tax on the production, sale or consumption of a commodity in a country. APPLICABILITY: On goods manufactured or produced in the Philippines for domestic sale or …
- https://corporatefinanceinstitute.com/resources/economics/excise-tax
Feb 12, 2021 · Excise tax refers to a tax on the sale of an individual unit of a good or service. The vast majority of tax revenue in the United States is generated from excise taxes. The …
- https://dor.wa.gov/education/industry-guides/hospital-industry/excise-taxes
Hospitals report and pay tax on activities or income that are exempt or that may be deducted from the taxable gross income. Solution. Hospitals should become familiar with those activities that …
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