excise


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Related to excise: Excise duty

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

noun assessment, capitation, charge, custom, demand, duty, exaction, exactment, fee, imposition, levy, liability, obligation, tariff, tax, taxation, toll
Associated concepts: direct tax, excise tax, fee, gift tax, license tax, privilege tax

excise

(Cut away), verb abscind, clip, cut, cut out, deduct, delete, detruncate, diminish, disjoin, dissever, eradicate, expunge, expurgate, extract, pare, pluck out, remove, separate, sever, subduct, subtract, take away, take out, tear out, thin, truncate, weed, withdraw

excise

(Levy a tax), verb appraise, assess, charge, charge duty, claim, collect, compel payment, demand, demand payment, demand toll, enforce payment, exact, force payment, impose a duty on, impost, lay a duty on, lay claim to, levy, levy an excise on, oblige, raise, require a tax, requisition, take, tax
Associated concepts: direct tax, franchise tax, gift tax, indiiect tax, privilege tax, succession tax
See also: assess, bowdlerize, cancel, delete, diminish, duty, expunge, imposition, levy, redact, reject, tariff, tax, toll

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.
References in classic literature ?
It has been already intimated that excises, in their true signification, are too little in unison with the feelings of the people, to admit of great use being made of that mode of taxation; nor, indeed, in the States where almost the sole employment is agriculture, are the objects proper for excise sufficiently numerous to permit very ample collections in that way.
In so opulent a nation as that of Britain, where direct taxes from superior wealth must be much more tolerable, and, from the vigor of the government, much more practicable, than in America, far the greatest part of the national revenue is derived from taxes of the indirect kind, from imposts, and from excises.
There they had a bit of a skirmish in getting rid of the duties; the excise was, in truth, the everlasting enemy of the patron of The Young Amelia.
It is true that taxes levied by consent of the estate, do abate men's courage less: as it hath been seen notably, in the excises of the Low Countries; and, in some degree, in the subsidies of England.
PESHAWAR -- A meeting of the District Excise and Taxation Officers held here on Tuesday in the Conference Room of the Provincial Disaster Management Authority (PDMA) with Khyber Pakhtunkhwa Minister for Excise and Taxation, Mian Jamsheduddin Kakakhel.
RAWALPINDI -- Excise and Taxation Department has decided to set up four Excise Police Stations (EPS) in Rawalpindi region.
EXCISE duty on petrol and diesel was raised by ` 2.
30 Mwh Mwh - Estimated (Incl Taxes Regulated Tariffs, Excise Tax) Vat: Au 4,474,832.
The excise on cigarettes is going to increase every year in the course of the next decade, which is going to double the price of cigarettes eventually.
CHARSADDA -- Excise and Taxation Department Charsadda took into custody more than sixteen hundred vehicles during a campaign against the unregistered vehicles in Charsadda, stated Regional Deputy Director Excise and Taxation Mardan Doctor Ayaz Khan, Excise and taxation Officer Charsadda Fawad Iqbal Khan and DSP Charsadda Circle Raza Muhammad Khan in a briefing on Thursday.
Ludmila Petkova, Bulgaria's Deputy Finance Minister, has vowed that the excise tax rate on cigarettes and alcoholic beverages will not increase in 2014.
Ludhiana, Mar 3 (ANI): The excise duty proposed to levied on 130 items by Union Finance Minister Pranab Mukherjee in the Budget 2011-12, has not gone down well with the industrial sectors in Punjab.