excise tax

(redirected from Excise Duties)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.
Related to Excise Duties: excise tax, Corporate tax, sales tax, Value added tax

Excise tax

Federal or state tax placed on the sale or manufacture of a commodity, typically a luxury item e.g., alcohol.

Excise Tax

A tax on the manufacture or sale of a good or service over and above all other taxes paid on it. For example, a person may owe sales tax on the purchase of tobacco, but the state may also levy an excise tax on top of it. Likewise, one may owe both income taxes and excise taxes on a premature distribution of an IRA. See also: Sin tax.

excise tax

A tax on the manufacture, purchase, or sale of a good or service. The tax may be based on the number of units or on value. Compare consumption tax.
References in periodicals archive ?
The ESC suggests an increase in excise duties "is not likely to reduce the demand for transport" but rather to provide additional resources to enable the negative impact on the environment to be reduced, provided that the funding is earmarked for this purpose.
This year's Budget proposals may see a rise in excise duties levied on SUVs.
Commenting on the Court ruling, the European Commission pointed out that Poland had recently modified its legislation on excise duties.
Excise duties on beer are a consumer tax that we collect on behalf of the government.
The increase in cigarette excise duties hit the market in April and the assessment of its effect is yet to be done.
The raising of minimum alcohol excise duties will have to wait.
THE EUROPEAN Commission is asking tobacco companies for comments on how European Union (EU) legislation on excise duties can be reformed.
New Delhi, March 28 -- The recent hike in excise duties in the union budget had all auto makers hike the price son their models and now it has been reported that after increasing the price of its flagship sedan City by up to Rs 10,500 following excise duty hike in Budget, Honda Siel Cars has announced that it will further raise the price of the model by up to Rs 10,000 from April 1.
Led by Germany, beer producer countries have rejected the Finnish compromise tabled before the Committee of Permanent Representatives (CoRePer) on the raising of excise duties on alcoholic beverages (spirits, intermediate products and beer).
I congratulate Pranab Mukherjee for not raising excise duties on vehicles.
Pending the general introduction of paperless' administrative procedures, scheduled for 2009 for excise duties, the European Union took an important step on 16 October toward simplifying and improving the security of excise duty declarations.
An EU Court of Justice Advocate-General concluded on 4 May that the temporary maintenance - until the end of 2007 - of an exemption on excise duties limited to 25 units for imports of cigarettes by travellers resident in Austria returning from neighbouring Slovenia does not breach the terms of the Accession Treaty.