Excise Duty
/ɪkˈsaɪs ˈdjuːti/
Definitions
- (n.) A tax levied on the manufacture, sale, or consumption of goods within a country, typically on items like alcohol, tobacco, and fuel.
The government raised the excise duty on cigarettes to curb smoking rates.
Forms
- excise duties
Related terms
See also
Commentary
Excise duty is a specific form of indirect tax imposed at the manufacture or production stage rather than at the point of sale to consumers.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.