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Hi everyone !!! Hope you are all doing well. Does anybody know the difference between these two terms? I cannot make a fairly acurate translation to Spanish if I cannot make out the difference between them. As I go through the definitions they seem to be the same, however in a survey I am translating they are pointed out separately.
Any help will be highly appreciated
Kind regards :)
Hello Hebe,
I'm completely out of my field here although I did a little searching and what I found it's that in Spanish there are not any different between this two terms, both are translated as "Impuestos especiales" or "Impuestos sobre consumos específicos".
Sorry for not being of any help but I hope some one can find an explanation on this.
BTW in that survey that you are on how do they differentiate them?
Kindest regards
Hi speculumcm !. Sorry I didn’t spot this sooner.Quote:
Originally Posted by speculumcm
The problem is that in the survey they just list them as two possibly applicable encumbrances but they do not provide a definition. From my research (as you well indicated) excise tax and excise duty seem to be the same, but they list them as two different kinds of taxes
Thank you so much, though for replying to my post :)
Kind regards and have a great weekend
An excise or excise tax (sometimes called an excise duty) is a type of tax charged on goods produced within the country (as opposed to customs duties, charged on goods from outside the country): It is a tax on the production or sale of a good.
Typical examples of excise duties are taxes on Tobacco, alcohol, and gasoline.
Excise duty is a tax levied on the producer of certain goods, commodities and activities. It is a separate tax from VAT and is different from it in that VAT solely affects the consumer (although, naturally, the consumer also indirectly pays the excise, as it is included in the eventual sale price of the product).
Excise tax is notable insofar as how vague its definition actually is - it would be difficult, if at all possible, to find a precise definition explaining what it is that categorizes goods subject to excise tax. Lists of such goods are readily provided by governments, and it is possible to comparatively deduce what motives might be used for grouping such goods together; however, no explicit, formal definition appears to be provided by any one government.
Good Luck!! Hopefully, this helps to understand the difference between excise duty and excise tax. Regards
Thank you very much for the Info PIM . Very enlightening
Regards :)