excise duty definition

excise duty

Ad valorem tax levied on manufacture, sale, or use of locally produced goods (such as alcoholic drinks or tobacco products).

Ad valorem tax levied on a firm's revenue, instead of (like income tax) on the firm's income.

Fixed tax levied on an activity or occupation, such as the license fee charged from attorneys, doctors, and other professionals. Also called excise tax.

excise duty is in the Accounting & Auditing, HR, Teams, & Training and Industries, Manufacturing, & Technology subjects.

excise duty appears in the definitions of the following terms: drawback, completely denatured alcohol (CDA), excise tax, denatured alcohol and indirect tax

This content can be found on the following page:

http://www.businessdictionary.com/definition/excise-duty.html