Excise

A tax imposed on the performance of an act, the engaging in an occupation, or the enjoyment of a privilege. A tax on the manufacture, sale, or use of goods or on the carrying on of an occupation or activity, or a tax on the transfer of property. In current usage the term has been extended to include various license fees and practically every internal revenue tax except the Income Tax (e.g., federal alcohol and tobacco excise taxes).

excise

n. a tax upon manufacture, sale, or for a business license or charter, as distinguished from a tax on real property, income or estates. Sometimes it is redundantly called an excise tax. (See: tax)

excise

originally taxes charged on the retail sale within the UK of commodities such as beer, wines and spirits. Nowadays, however, licences (e.g. permitting the use of a gun or dealing in game) are classified as excise. One of the most commonly prosecuted excise offences is contravention of the legislation which requires motorists to display a vehicle excise licence, known colloquially as a tax disc.

Collins Dictionary of Law © W.J. Stewart, 2006

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References in periodicals archive

Pursuant to these amendments, effective 1 January 2020, a 100% excise tax on electronic smoking appliances and liquids used in these devices, and 50% excise tax on beverages and sugary drinks has been set.

MoF Announces Amendment of the Cabinet Decision on Excise Goods, Excise Tax Rates and the Formula of Calculating the Excise Price, and Issues a Decision Regarding the Formula of Calculating the Excise Price of Tobacco Products

In the first six months of this year, excise on oil products provided 50.8 percent of total excise revenue, excise tax on tobacco provided 20.6 percent and excise tax on alcohol (including beer) 24.5 percent of total excise revenue.

Revenue from excise tax up 8.1% in H1

Additionally, The Authority pointed to the new manuals and guides it launched to raise awareness among taxpayers and offer them instructions on how to register excise goods in the new system, and comply with the new reporting requirements and forms in the excise tax system.

UAE launches new system to register excise goods

Products that are more than 50 ml will be slapped with P50 excise tax plus P10 per additional 10 ml.

Law signed hiking tobacco excise tax

With the cooperation of the Pakistan Council of Scientific and Industrial Research (PCSIR), the department of excise will approve the material, colour and other standards for the manufacturing process.

On the cards: Excise dept recommends 'cheaper number plates'

On the other hand, a large number of people are approaching the excise offices to pay their taxes.

Excise offices to remain open until 8 pm on June 29 and 30 to facilitate tax payers

"We have digitalized vehicle registration and documentation which has decrease corruption in Excise Department but we have been pursing strict policy against corrupt practices in provincial Excise and Taxation Department." The Advisor said added action against corrupt elements would be publicized through media.

Online Tax System would decline corrupt practices in Balochistan: Naeem Bazai

"Excise tax is a form of indirect tax levied on specific goods that are deemed harmful to human health or the environment.

List of 'excise tax goods' not final, says GTA official

This was informed during a meeting held here at Circuit House under the chairmanship of Punjab Minister for Excise and Taxation Hafiz Mumtaz Ahmad.

E and T Dept recovered Rs1.92b last year

Tribune News Network Doha The General Tax Authority (GTA) has set January 31, 2019, as the last day for filing Excise Tax returns, the authority announced in a press statement on Saturday.

Businesses must file Excise Tax returns by January 31, says GTA