excise tax

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Definitions from WordNet

Noun excise tax has 1 sense

excise, excise tax - a tax that is measured by the amount of business done (not on property or income from real estate)
--₁ is a kind of indirect tax
--₁ has particulars:
sales tax, nuisance tax; VAT, value-added tax, ad valorem tax; gasoline tax

Definitions from the Web

Excise Tax

Definition: Excise tax refers to a type of tax that is levied on the consumption or purchase of specific goods and services, usually included in the price of the product or service.

Senses:

Sense 1:

Noun: A tax imposed on certain goods or services at the time of their purchase or consumption.

Example Sentences:

The government recently increased the excise tax on luxury cars.
Alcohol and tobacco products are subject to excise tax in many countries.

Sense 2:

Verb: To impose excise tax on goods or services.

Example Sentences:

The government plans to excise tax all imported electronic devices.
They excise tax on fuel as a way to regulate consumption.

Related Products:

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