Excise takes part of its meaning from the prefix ex-, "out". A writer may excise long passages of a novel to reduce it to a reasonable length, or a film director may excise a scene that might give offense.

Typically, an excise is distinguished from a sales tax or VAT in three ways: an excise is typically a per unit tax, costing a specific amount for a volume or unit of the item purchased, whereas a sales tax or …

Feb 9, 2025 · Excise taxes target specific goods or services such as fuel, tobacco, and alcohol. These taxes are typically paid by businesses but are passed on to consumers in the form of higher prices.

Information on what excise taxes are, who they’re imposed on and what you have to do to comply. Includes links to registration and credits.

Excise definition: an internal tax or duty on certain commodities, as liquor or tobacco, levied on their manufacture, sale, or consumption within the country.. See examples of EXCISE used in a sentence.

Jun 3, 2025 · Simply put, an excise tax is a fee the government charges on specific products or services, like gas, cigarettes or alcohol. Unlike sales tax, which applies broadly to most things you buy, excise...

EXCISE meaning: 1. a tax made by a government on some types of goods produced and used within their own country…. Learn more.

An internal tax imposed on the production, sale, or consumption of a commodity or the use of a service within a country: excises on tobacco, liquor, and long-distance telephone calls. 2. A licensing charge …

Jun 30, 2025 · An excise tax is levied on a specific good or service, such as alcohol or gambling. Some excise taxes are levied on manufacturers and other businesses; others are imposed directly on …

Aug 1, 2022 · Excise tax is an indirect tax on specific goods, services and activities. Federal excise tax is usually imposed on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, …