
Excise
Goods and Services
'Excise' is often tied to specific products like alcohol or tobacco, not all purchases.
The government increased the excise on tobacco products.
Internal Tax
'Excise' is a tax within a country rather than on goods coming in from abroad.
Small businesses sometimes struggle with excise calculations.
Government Revenue
'Excise' helps governments to raise revenue, often to fund specific programs.
Fuel excise is often used for road maintenance.