PwC Tax matters – The Swedish tax blog Erik Sahlberg

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There are many forms of taxation in the United States, some collected by the federal government and others by local governments and States. One tax in particular that affects the consumption of specific goods is the excise tax – a very specific, often very targeted tax that you pay sometimes without realizing it. The federal gasoline excise tax is 18.4 cents per gallon as of 2020. This tax pays for infrastructure projects and mass transportation costs, and it includes a 0.1 cent per gallon fee that goes to the Leaking Underground Storage Tank trust fund.

Define excise

tr.v. ex·cised, ex·cis·ing, ex·cis·es tax that is paid to a national or state government on some types of goods such as alcohol, cigarettes, or petrol: excise on sth Pennsylvania is one of just three states that does not collect an excise on cigars. The burden of tax borne by smokers is greater than that on any other excise goods. An excise, or excise tax, is any duty on manufactured goods that is levied at the moment of manufacture rather than at sale. tax that is paid to a national or state government on some types of goods such as alcohol, cigarettes, or petrol: excise on sth Pennsylvania is one of just three states that does not collect an excise on cigars. The burden of tax borne by smokers is greater than that on any other excise goods.

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Enter the excise tariff code in the Tariff code field and the description of the excise tariff code in the Description field. See also An indirect tax paid to the Government of India by producers of goods, excise duty is the opposite of Customs duty in that it applies to goods manufactured Excise Duty – What is Excise Duty? Excise Duty is a tax that is designed to discourage the purchase of particular goods.

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Proposed § 48.0-5 defines a highway vehicle as any self-propelled vehicle, or any 30 Apr 2020 Excise Duty is a form of indirect tax which is generally collected by a The rates of Central Excise Duty are defined by the Central Excise Tariff Definition of excise. Free online Dictionary including thesaurus, children's and intermediate dictionary by Wordsmyth.

A licensing charge or a fee levied for certain privileges. tr.v. ex·cised, ex·cis·ing, ex·cis·es tax that is paid to a national or state government on some types of goods such as alcohol, cigarettes, or petrol: excise on sth Pennsylvania is one of just three states that does not collect an excise on cigars.
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The excise tax on tobacco: Swedish translation, definition

Usage Frequency: 1. Quality: Excellent Definition och översättning av excise på Wikipedia.org.