excise duty


Definitions (3)

1. A percentage levied on manufacture, sale, or use of locally produced goods (such as alcoholic drinks or tobacco products).
2. A percentage tax levied on a company's revenue, instead of (like income tax) on the company's income.
3. A fixed tax levied on an activity or occupation, such as the license fee charged from attorneys, doctors, and other professionals. Also called excise tax.

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