excise tax

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Related to Excise taxes: Excise duty
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.excise tax - a tax that is measured by the amount of business done (not on property or income from real estate)excise tax - a tax that is measured by the amount of business done (not on property or income from real estate)
indirect tax - a tax levied on goods or services rather than on persons or organizations
nuisance tax, sales tax - a tax based on the cost of the item purchased and collected directly from the buyer
ad valorem tax, value-added tax, VAT - a tax levied on the difference between a commodity's price before taxes and its cost of production
gasoline tax - a tax on every gallon of gasoline sold
References in periodicals archive ?
And the Bankruptcy Code grants priority to excise taxes, without further definition or limitation.
The OIMB has issued an advisory to petroleum products stakeholders NOT to levy new Excise Tax rates on old stocks, considering that Excise Taxes are levied upon importation and not at the point of sale to the consumers.
4958 intermediate sanctions excise taxes, which penalize individuals and exempt organization managers who participate in "excess benefit" transactions, will apply automatically in certain situations.
But the congressmen later relented and agreed to impose excise taxes on local coal, but exempted the industry from the 12 percent Value Added Tax (VAT), said Sen.
4371 excise taxes on premiums paid to foreign insurers or reinsurers under a U.
In a chat with the press on Tuesday night, Semirara chair and chief executive Isidro Consunji said the increase in excise taxes on coal was 'unfair' and 'discriminatory.
4958 (the intermediate-sanctions provisions) permit the IRS to assess excise taxes against disqualified persons who participate in excess-benefit transactions with applicable tax-exempt organizations.
Gatchalian, chair of the Senate Committee on Energy, said low-income families must be given protection from the expected surge in electricity rates, in particular, due to the imposition of heavy excise taxes on fuels and minerals.