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- Dictionaryex·cise
noun
- 1. a tax levied on certain goods and commodities produced or sold within a country and on licenses granted for certain activities: "excise taxes on cigarettes"
verb
- 1. charge excise on (goods).
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Excise takes part of its meaning from the prefix ex-, "out". A writer may excise long passages of a novel to reduce it to a reasonable length, or a film director may excise a scene that might give offense. A surgeon may excise a large cancerous tumor, or make a tiny excision to examine an organ's tissue.
to remove something, especially by cutting: be excised from During a three-hour operation six tumours were excised from the wall of the patient's stomach. The official censors have excised the controversial sections of the report. SMART Vocabulary: related words and phrases.
Excise Tax is a tax on the production, sale or consumption of a commodity as well as services performed in the Philippines. APPLICABILITY : On goods manufactured or produced in the Philippines for domestic sale or consumption or for any other disposition;
Definition and examples. Excise is a tax that governments levy on certain goods and commodities. It is also a tax on licences that governments grant for certain activities. As a verb, it means to remove something, especially by cutting it out.
Jun 25, 2024 · An excise tax is a legislated tax on specific goods or services at the time they are purchased. They're intranational taxes imposed within a government infrastructure...
Jul 12, 2023 · An excise duty, or excise tax, is an inland tax on the production or sale of certain goods. This can be contrasted with customs duties that are taxes on imported goods.
Definitions. from The Century Dictionary. noun An inland tax or duty imposed on certain commodities of home production and consumption, as spirits, tobacco, etc., or on their manufacture and sale. noun That branch or department of the civil service which is connected with the levying of such duties.
Mar 13, 2023 · According to the Internal Revenue Service (IRS), excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. The price of something subject to an...
Excise taxes are taxes imposed on a specific good or activity. They are commonly levied on cigarettes, alcoholic beverages, soda, gasoline, insurance premiums, amusement activities, and betting, and make up a relatively small and volatile portion of state and local tax collections.
Synonyms for EXCISE: tariff, tax, levy, income tax, imposition, tribute, property tax, capitation; Antonyms of EXCISE: remit, diminish, lessen, abate, release, forgive, ignore, excuse
