Excise Tax

An Excise Tax is a type of indirect tax imposed by governments on the sale, use, or consumption of specific goods, products, or services, rather than on income or property. Excise taxes are typically levied on goods considered to be socially harmful or non-essential, such as tobacco, alcohol, gasoline, luxury items, or certain activities like gambling or air travel. Excise taxes are often included in the price of goods or services and are collected by manufacturers, retailers, or service providers on behalf of the government.